INFLATION, page-4

That would not be good!!

China will not enable a competent ex-Chinese manufacturing competitor by selling REEs when they have enough domestic demand to consume all the REEs they mine and refine and process into magnets etc. That is where they have been headed at breakneck speed since turn of the century. Before that if you know your history.

That's the logic behind that China being heavily involved in ex-China resource development: they want more resources than they have in development and they will pay up for concentrate. You can already see that in the prices they offer for NdPr and other REE concentrates.

Lynas growth plans looked to me like an attempt to grow beyond Japan and serve ROW consumers, but remember Japan already has a call on 10,500 tpa NdPr UNTIL 2038, if I recall correctly, and to this point they have never even gotten the 7500 tpa NdPr that they bargained for many moons ago. Lynas owes Japan a lot of REEs. At some point in the next few years we may find Japan exercising their negotiated rights to prioritized access which extend to Lynas production increases from Lynas NEXT and Lynas 2025.

Bottom Line: ROW NEEDS TO DEVELOP ROW REE RESOURCES. If an ex-China ex-Japan manufacturing competitor in the US or EU wants REE supply chain security, they must support the development of ex-Chinese ex-Lynas resources. I, for one, don't want any of the current developers going under.

p.s. This reminds me of ausheds' nonsensical "Lynas is peerless" tout. Lynas is alone and Lynas is all but Japan's in name. The current ex-CHina supply chain is at best sole source (if you can get any, that is), fragmented and entirely unable to support an ex-CHinese supply chain through to magnets and motors. China is eating ROW's breakfast lunch and dinner on batteries and motor-generator-turbines. Both use plenty of refined REEs and at least 80% of that refining is Chinese. If we let Lynas's ROW resource competitors go to hell because they can't handle a recession for the moment, the Chinese will grab them without question for the future, which is not to say that they aren't trying to grab them already.