This is the most significant post in regards to the Chinese decision to limit exports on two critical RE products being weaponized in trade restrictions to the West. These minerals are far more crucial to the European markets at the onset, but WATCH CAREFULLY as our U.S. Senate, led my Murkowski of Alaska begin legislation to respond to this action of the Chinese.
This is the Chinese master of MP MATERIALS. Watch this stock and its other sister processing stocks. Counter sanctions will be imposed, and their abilty to process for MP will VERY shortly be challenged. The GOP is determined to control the Senate, but with so much anti social law being handed down (abortion, guns, race, anti-LGBT policy) they are desperate for a cause(s) to be run on, on behalf of the American people.
Its moving off of its 52 week low, but this is only in response to its Chinese consumption mandate for chip manufacturing. While the Chinese economy is in tatters, but there is still a great demand for chips, this company and others in China will start to have limited relevance to foreign markets. What all this means in short now, is a consented effort by the US, Germany, France, and the Scandinavian countries to force Malaysia to keep the LAMP licensed for years to come, and a renewed push for US, Canadian and Australian RE sourcing.
This is the best news to affect Lynas, since Kalgoorie. BTW, MP will rise in S.P., while the markets untangle the whole meaning of this Chinese action, but will stall until they can process their own RE on safe ground (non China).
(20min delay)