It wont matter too much, a $50k EV has a $50 magnet, so for price certainty, and supply security, and ESG compliant magnet, the west will pay $125 for the magnet.
They describe this as price elasticity. Much of it in the rare earth space - what a great industry for LYC to be in right now.
News: LYC Rising demand for responsible rare earths is not lifting prices, says Lynas, page-15
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Mkt cap ! $5.832B | |||
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