AGM... Top 10..., page-16

I would put these Three above yours, it is your option.

1. Lynas is growing much slower than market even AL admits that. any company that loses market share after clearly being the leader, EX China, needs to be looked at.
2. REE prices are dropping and everything I have read says the worse is over but the future is flat to down. You and many other said many times that the rise in price goes right to bottom line which I agreed with. This drop will hit Revenue at todays prices by about 35~ 40 % It will hit profits by over 50 % that will be poor
3. Texes is late by maybe 3 years. Lamp is late most likly because of covid. KAL does not look good we know it may be slipping a little but company still says July 1 is fine we will have to se. what is impact if lamp shut down for even a month.

Everyone likes to talk about Covid shutting down EV production. It also has a effect on REEO REE Metals. REE magnets but probably not as large Plus These phases have been severely hit by Power problems. first lack of coal then this year Hydo dams going Dry. Is the total effect positive or Negative for REEO? I do not know.

Today CEO Lynas biggest product by volume dropped 15 RMB / KG 20.5% What is that impact. I think small but Lynas is being hit on all sides.