I have been in Lithium for a while now and I can see REE going the same way in a couple of years, mines opening everywhere and a big surplus down the track and prices never recover, the more offtake agreement China loses the more they go in a surplus stock and Chinese prices will not recover, I understand the Demand is meant to sky-rocket but hasn't happened in Lithium and wont for another 3 years.
Very important to get that first mover advantage, I'm even a little concerned for VMM only coming on line in 4 years time, also lot of work going into Electric Moters to make them Permanent Magnet Free , so who nows where technology will be in 4 years, we need to get cracking.
IXR media coverage, page-864
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| IXR (ASX) Chart |