True. And whilst the mantra is diversification from China the dollar is still talking. Europeans are still buying from China. With the large amount of RE going to China from Lynas, when I though via HC posts we only sent 30pc to China I ask is it feasible for China to be on selling our RE to Europe since the Europeans demand very high grade material. And since they have control of RE prices. I don't know. I put that out into the HC forum if interested. In regards to Orsted they may be in the same boat and sourcing RE from China albeit they did say their main sourced commodities are copper and iron, not REs making me think they are running wound rotors. Im not sure yet. Rare earth turbines make more sense due to direct drive shafts used and multi poling the magnets. Gearboxes need huge maintenance.
LYC Price at posting:
$6.51 Sentiment: Hold Disclosure: Held
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