bby, page-60

the fact seems to be that morocco finally has a resource (its only resource) that is in high demand and worth a lot of money.

i don't believe they are wanting the price of rp to go lower. i do think they are wanting to sure up some uf their markets and enter into contracts before any external supply is available and they using rp as a bartering tool to attract foreign investment and that in turn will mean a higher supply of rp but it will be quite a few years before that new supply even hits the shores of india let alone additional supply for other markets.

in the meantime, demand will continue to rise whilst supply remains constrained and we know what that means for the rp price.

mak just need to keep their noses to the grind stone and get some offtake agreements in place before the end of the year.

cheers