"i think it will reach high $30/kg, and one reason for it to go even further."
my personal understanding, the current downstream demand is still very weak and serious oversupply, fundamentals don't support a more substantial price increasing, Lynas's basket price of $30/kg seems almost impossible for quite a long period of time.
how about "A Chinese media says that this would push RE prices up by 20%"?
an average of 20%(15% Lre, 25% M/Hre) on China's RE export tax which led China's FOB price has about 20-30% higher than domestic prices, China's goal and expectation in order to increase resource tax to replace the current export tax (WTO appeal against "discrimination"),to remain stable for rare earth prices, because the possibility of quotas and export taxes would abolished in the future.
Who don't want RE prices rise in the ROW market? only the demand side---U.S, EU and Japan.
lyc & re price sensitivity analysis, page-12
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