I guess you do not really know what is going on outside of Lynas. I also found the comment "mp currently using my wells and wind turbine to offset the consumption required for electrolysis?. Rather insulting as you seem to be accusing them of stealing from you. I will answer this latest question and then I am done. You have not posted much that has added to my knowledge so I will stop on this one way street.
MCP had 3 Natural GE gas turbines, over a dozen years ago. It was supposed to be 2 active and one standby. They never ran more than one. During bankruptcy 2 were sold off. One has more than enough for MP they use Grid power for back up, Turbines do not run well at less than 70 % load. MP is dumping a small amount of power at times into a load bank. It makes no sense to me why they are not selling it to grid but that is what they say they are doing.
Just a quick explanation MCP goal was originally to produce 14 KT. NdPr Equivalent, they never got close. MP has elected to cap near term production at 6 KT and focus on Metals and magnets out of their Texas Facility. We will have to wait to see who is correct Lynas expanding Vertically and producing more and different oxides. or MP expanding horizontally into metals and magnets. JMO vertically has been better than horizontally in many other industries.
“The US defence industrial base is now secure,” Ms Lacaze said. Ms King told the same conference that Australia would be “stronger and safer” by virtue of the reserve." If Lynas can even produce 10% of the DY & TB US needs in 2028 I will be totally shocked
LYC Price at posting:
$7.60 Sentiment: Sell Disclosure: Not Held
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