can lynas , page-9

"Can LYNAS beat CHINA "

seems that "beat" have two meanings:
1, “achieve the dream of the west to break the Chinese rare earth monopoly”;
2, beat China in the ROW market.

first, China has already recognized the game and balance of RE diversity supply in the future. more diversification of RE supply sources, particularly in the ROW market, that means the right of RE price discourse of the supply side to increase and strengthen. during about 10 years when China has completely monopolized in the ROW market, RE price were very stable but very low, large quantities of China's RE resources consumed but not nearly as much profit, that is a sad thing.

second, from point of purely business view, if the global economy liberalization has not end, no resurrection of "Cold War thinking", no implementation of tariff barriers to trade and price on China's rare earth, etc,
attempt to beat China in the ROW market is almost impossible, contrary, if "declaration of RE war" with China in the future, more likely to be "beat" should be the RE producers in outside China, the lesson of Moly and Rhodia once.

why need to "beat"? can cooperation instead of confrontation?
Rhodia done, two of joint venture RE plant;
Moly done, shipping "HRE Concentrate" to purify separate/refinery in China.

frankly, as NC's experience and connection, Lynas has a good relationship with China, both sides all have intention of cooperation, so that a possibility of future cooperation than commercial war.

from a macro, all of RE supply sides have common interest in principle, OPEC oil form and iron triangle Union seem suitable for rare earth supply side, "collective monopoly" alternative single monopoly, cooperation instead of competition as brutal price war, that would be fortunate for each supply sides.