the COP always as the most important.
if Lynas can't survival/profit in the level of China's FOB price, indeed the COP is too high.
remembered once Lynas expected the COP was no more than 10%
with Baotou's COP, that would ensure profitable on the level of China's FOB price, but now the COP may be more than a lot higher, so Lynas must be necessary to reduce the COP significantly.
the % Gap also as the big motivation for smuggling.
an example, the thermal coal from Australia exports into China's coal market, COP even lower than China's domestic price(Similar level), Who would have thought to smuggling of coal?
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