Media prices based on little baggies in Rotterdam are little reflection on contracted prices for 20t, 50t, 100t monthly.
Remember Lynas has contracted supply now into the Dragon, they are competitive at the highest level, and they need to be as they establish 10%/12% of global NdPr supply.
Just one of the many positives BKM has chosen to ignore is that while Lynas is able to optimise the LAMP @ 100% capacity Chinese producers are barely operating at half pace:
AM Statistics: China’s PrNd oxide producers’ average operating rate in April 2016 goes up slightly to 46.6%
http://www.asianmetal.com/RareEarthsPrice/RareEarths.html
And the State has to spend $1.4Bn to suck excess inventory out of the system.
Really not so hard to join the dots.
Ben Kramer-Miller, page-5
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