I have difficulty understanding all the fuss about a news report. The talk of bankruptcy etc. is just about pumping oxygen into a seemingly negative report.
the news article states:
"Customers have recently been running down inventory and contributing to the price falls.
The weak demand prompted Lynas to announce last week that it was cutting costs and would wait for it to improve before increasing production from 11,000 tonnes a year to 22,000."
So- customers running down inventory- because sustainable supply is around the corner. Whats wrong with that? Apparent demand drops and prices fall.- nothing wrong with that.
Suppliers take corrective action- bantau steel curtails production and Lynas does not exceed 11,000 ton production- sensible!
When inventories are low purchases at sustainable prices can be achieved.
This is definitely not a doomsday scenario but rather a welcome response to deal with the draw down of existing inventories.
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