I put it to you that during this enormous global shift and transition to requirement of shortfall in NdPr for both robotics and military, that even LYC that has been historically connected to Chinese spot pricing manipulation, that they gain the courage to move away from Chinese spot pricing. Well, if they don't, Amanda will look very inept!
The global ex-China supply is well reflected throughout the global economy (western world), and therefore in time will look to provide their own index. As stated by the ARU CEO.
Importantly, LYC have noted this pricing shift in their latest quarterly. Yes, I agree they have historic dinosaur contracts that require a change due to the new world order. But in time, LYC will catch up. What was interesting was the LYC CEO cry out in the AFR today that is pleading the Labor government doesn't support with offtakes in critical minerals (rare Earths) above spot pricing. Now Why would Amanada the CEO of LYC worry about this? And by the same token, why would the ARU CEO Darryl Cuzzubbo state in the same article, that he applauds the intervention.
I will just leave this here; LYC comments about their view on price change independent of the market index;
Sales activities continue to focus on building the Lynas strategic customer base. Key strategies include increasing the number of direct end customer agreements and working with new magnet makers to ensure guaranteed supply chains for critical applications and key industries. Lynas continues to pursue a balanced pricing portfolio including pricing agreements which are independent of the market index.
ARU Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
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