The importance of Lynas, page-2

https://www.gao.gov/assets/680/675165.pdf

But that shambles is merely the prelude to the story, crux: "in our prior work conducted in 2010, we found that much of the rare earths processing is performed in China, giving it a dominant position that could affect worldwide supply and prices. U.S. industry previously performed all steps in the rare earths supply chain and produced the majority of the global supply but no longer has the capability"

Estimates to rebuild that capability thru Middle Supply Chain range from 5/10yrs, and apart from the direct funding MASSIVE subsidies would be required to industry to wean them off Dragon brand NdFeB, tariffs would simple increase the cost of US manufacture.

Lynas potential leverage +7200tpa NdPr downstream, with perhaps Shin Etsu, beggars belief, particularly as China continues to move virtually all of its NdPr downstream domestically, within WTO guidelines.

Charlatan here suggesting Lynas peaked, has to be a watermelon sycophant.