I did mention the issues were solely around the VLL radioactive reside and that also applies to the VLL radioactive lanthanide concentrate. The Kalgoorlie C&L plant was an extremely expensive exercise for what really is overcapacity. But it’s also insurance policy in case any future Malaysian government decide to ban import of radioactive lanthanide and production of radioactive residue. I believe this is a possible scenario in future.
The lanthanide import restrictions were purely to limit the amount of VLL radioactive reside LAMP produced. The Kalgoorlie plant resolves all those issues.
Suggesting that the Malaysian government will simply halt LAMP without a credible reason is absurd. Which is what suitsurfer basically implied.
LYC Price at posting:
$6.22 Sentiment: None Disclosure: Not Held
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