Tucked away in today's CEO presentation was some interesting new information. It's the projected supply requirements on p34. (The source is the market analyst 'Project Blue' who I assume has some credibility.) For 2024 they quote supply requirements at 65ktpa for NdPr and 2.3ktpa for Dy/Tb, a ratio of 28:1. Their forward projections give a similar ratio. How does that compare to our resource? The update from August 5th (table 7 p 23 bottom line) gives figures for the total resource at 15,000 ppm NdPr and 500ppm DyTb, a ratio of 30:1. In other words, on these figures, our resource is an excellent match to market in terms of its balance of magnet metals.
My Observations: - I'd like to know how authoritative Project Blue are. - In their figures the ratio remains constant over time. Perhaps there's a balance over time between the proportion of magnets that are high end vs HRE thrifting in the production of high end magnets. - Places Lynas in an excellent position to become the 1-stop shop for magnet metals.
LYC Price at posting:
$6.89 Sentiment: Buy Disclosure: Held
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