Lamp with KAL producing is the bottle neck to producing Separated REEO oxides. What would Lynas do with MP;s oxide? MP turned down USG money because of restrictions and requirements. While Lynas has not started their Texas facilities that were suppose to be done late 2022. MP went and obtain GM as a partner. and Texas is done and occupied by overs 50 people. These are mainly engineers who are in the LABS making metals and maybe some magnets. They have not made any commercial product yet, They are setting the ground work for first metal products late this year. First magnet products about a year after that. JMO MP will be shipping magnets before Lynas is shipping anything out of Texas. Read the last 4 MP Q reports to see how projects should be run. MP SX lines were designed to Separate heavies,
Why do you say they have been Quite? Do you listen to their Q CCs? MP is on Calander Qs. They told us a year ago they were slipping and how they were going to fix it and they did. All we ever here from Lynas is it is on schedule then it slips 6 months in less than 3. MP told us clearly they made 10 KT in Q3. Not much but they said it would just be sample amounts in Q3. Because of US regulations AR will probably not be out till late Febuary early march JMO they will meet or exceed what they said in Q3 CC in Q4.
Just because you do not follow their progress does not let you accused them of not having any.
LYC Price at posting:
$5.83 Sentiment: Sell Disclosure: Not Held
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