Hang in Arafura, it's most likely going to get worse before it gets better but if there is any foundation to the RE story there will be a turning point, and Lynas should be best positioned to take full advantage.
I strongly suspect there are games being played out here between China & Japan that we will never fully understand, Japanese/Sth Korean support of smuggling probably one of them.
If Japan has been working to drive prices lower they have certainly achieved their goal and probably have little more to gain. If that assumption is correct we should start to see some latent demand surface in the second half. Hopefully some signs of a RE supply chain re-establishing in the US won't be too far away, just need to be competitive to value added product from China (I think this is why NC has always said China domestic & FOB pricing will move closer).
Glass half full, can't be too far off a bottom now, gotta be some positive news coming through sooner or later.
LYC Price at posting:
45.0¢ Sentiment: Hold Disclosure: Held
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