LYC 0.00% $6.40 lynas rare earths limited

baotou report, page-2

  1. 19,584 Posts.
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    Bottom two numbers illustrate my point.

    Clearly, despite their massive production volumes and the fact their RE ore is a byproduct of the IO operation Baotou are cash negative at these levels. They are hardly in the position to start a price war without massive State sponsorship, either directly or by abolition of export imposts.

    Interesting business, expensive lol, but interesting.
 
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