I'm not sure who replied or what they said, as I have all the repetitive negative posters on ignore. It got so dull reading the same nonsense over and over.
But while I'm here, I meant to add, in case it isn't obvious, even the lowest cost producers and the Chinese themselves, are operating either at a loss, or with minimal profit, at these REE price levels.
That's unsustainable, and something has to give. The global growth of EV's and hybrids continues unabated, and the manufacturers of all those high powered magnets used in the electric motors, need to source their REE from somewhere.
There's going to be a tipping point very soon when supply isn't going to go anywhere near matching demand.
Timing could be in our favour here as REE prices inevitably rebound over the next 12 - 24 months.
ENV Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
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