NdPR price, page-2448

Yes they will be the dominate Western producer. Many on this BRD take lots of satisfaction in that. They ignore important facts

1. In the last half dozen years Lynas's market share has gone from 14 % to just above 8%. This is too small to have much market control.
2. During the same period China has gone from just over 80% to just under 90%. of REEO.
3. China has totally taken over metal. magnet and motor production from US and Japan.
4. After a exciting start many of the uses of Perm magnet motors are not even close to what was expected. Yes they are still growing but not fast enough to raise prices of REE products. Only two bright spots remain Tools and appliances

There is nothing wrong with looking at Lynas as a supplier to Western world. To put blinders on and ignore China which is 10 X bigger is a verry big mistake. The western world can survive just fine without Lynas. The same cannot be said for China. They will hate being dependent on China but China can supply all they need, probally at outrageous prices. OPEC is weaker than it was in 1970s - 2000. but they are still a very important factor in the petrol market to day. Why do you think China's position in REE will change any faster? The average consumer was much more aware of pump and heating cost than they are of REE. That means Petro had much more political attention. Do not mistake the attention that REE sees on this BRD for what the average voter feels. Have you even seen REE mentioned in the top 10 in US elections? Petro prices was always in top 3 for several election cycles. Can you name a sector that is more dependent on REE than petrol? I include defense as a sector.