Tototy, the market IS looking 6/12 months ahead and wondering if there will be a market for much of the 30kt China quota, 19kt from Molymess, 5kt others plus 22kt from Lynas and of course what will the prices be?
Last year demand was 30kt, maybe 35kt best (probably counting smuggling) and this year there is potential supply of 76kt?
Don't have to be a genius to work out the market is waiting to decide a winner and at what cost, opps, I mean prices.
Lynas isn't going too far for 12 months even if NC Ann's his daily breakfast menu.
Not to say it won't trade in higher ranges but the battle is only JUST getting started.
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Tototy, the market IS looking 6/12 months ahead and wondering if...
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