The thing with REE analysis is that you need to set La & Ce...

The thing with REE analysis is that you need to set La & Ce values to $0/kg and use Chinese mainland prices for the others and then base forward PE's on that.

Most REE markets are very inelastic, hence the 700 odd % increase in Ce and La with the introduction of Chinese non-metal specific RE quotas. Industry buyers need the product and there are only very limited suppliers, hence they need to pay what the suppliers want. When other LREE suppliers come on board the buyers have an option and China loses it's strangle hold and the element of market pricing enters. Just because the supply of LREE has increased so many percent (when LYC and MCP produce) doesn't mean that demand will increase the same, and with the inelastic demand profile price will drop [alot].

Magnet feeds are where the game with the strongest growth is, not petchem or petroleum-based auto catalysisic. Google magnet refrigeration. Get on it and get on it big.

Redo all calculations with reality and not manipulated fantasy, if it's still good then buy.

Choice