where is shenghe going to be getting its supply if peak cant process and mine the ore at todays prices in 2 to 3 years time... MP Wont be selling to them once down stream processing starts in america ...
so there will be a vacuum of supply to fill.
its not like a new mine will appear overnight, its at least two to three years for others explorers to come online - excluding the fact they need finance backing like we most probably have at this stage - and offtakes.
So from today's market perspective there's going to be an issue very soon about availability to china rare earth processing if it stays stuck at today's prices.
There is a risk off at the moment from oversea investors, what's not helping is forecast of Australian dollar going down lower to 50 cents over next few years, it has already breached a major support level .65 cents - so any oversea investors are probably unloading asx shares due to share depreciation from currency devaluation risks.
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