If MEI can stick to AISC around $10 USD/kg TREO (or below for high grade), I believe they're at least cost competitive with China. China does a lot of work to engineer the price deck to align with the ratios of different REEs produced from their sources and the demand for them, so dropping NdPr pricing further is always possible for a time period, but it doesn't necessarily help them because likely higher demand of NdPr from lower pricing will cause overproduction of other REEs. To the best of my knowledge, China is making little money on NdPr at current price levels. If they did lower the NdPr price, LYC and other high cost producers would suffer as well as China and MEI/VMM/ARA should be able to weather the cycle.
MEI Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
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