China frictions steer electric automakers away from rare earth magnets, page-335

Lol, you mean LACK of downstream customer development, and you sure as hell won't find anything remotely factual on that subject ARU announcement or homepage. If their silly prices & demand nonsense were remotely true VC's would have thrown $Bn's at them years ago, reality is they stink and no ones prepared to go anywhere near them, customers or finance, simply not credible. Notice spendthrift throwing a bit of their stink around, shame he wasn't on an intn'l client preso from emerging producer yesterday, would have been a wakeup call.

Asked the Q here several times, where/who are the direct customers ARU is planning to sell to??? Effectively the NdFeB magnet manufacturers of any sort of scale, the scale to sell even a fraction of the proposed 4.4ktpa???

Japanese imports of NdFeB actually FALLEN 700t past two years 4900t 2018 to 4200t last year, hopefully that will recover but hardly going to produce big chunks of demand growth anytime soon, given reports Japanese mag production reported 12.4kt last year vs Chinese expansion +300ktpa 2023.

Existing producer effectively meeting current demand at 75% capacity, with an additional 7ktpa either available or planned & financed expansion next 2/3 years. Emerging producer well on track, looking for confirmation shortly, to provide another 3.6ktpa, basically there is +10ktpa NdPr planned & financed, all but confirmed, to be available ROW customers next 2/3 years.

Where, EXACTLY is ARU going to find the ROW customers, China is massively ramping its NdFeB production, Roskills now talking +400ktpa 2025, fed by MP, Iluka, etc, con, existing & emerging ROW producers will add another +10ktpa NdPr to existing 5ktpa next 2/3 years, ARU so far behind, very much an "also ran".

All factual, totally constructed without resorting to glossies.