With magnets now traceable western governments will move to put tariffs on Chinese magnets thereby lifting the price that western producers (mainly Lynas) can receive for producing magnets and supplying Neodymium. China produces 95% of magnets worldwide and China imports 40% of their Neodymium from the west. Tariffs could be announced soon to raise the price of Chinese EV’s entering America and the west and allow Lynas to make a profit and create a stable price environment for western EV manufacturers. I believe some western policy moves might be forthcoming shortly…possibly even this week in time for Lynas AGM on Wednesday/Thursday. See Reuters/markets/commodities/western-miners-seek-premium-pricing-rare-earth-metals
LYC Price at posting:
$6.62 Sentiment: Buy Disclosure: Held
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