Spot on Jantimot, both are only producing tiny tonnages as they...

Spot on Jantimot, both are only producing tiny tonnages as they sort out brand new plants & processes and it's totally guesswork against their respective estimates.

Lynas has struck mechanical issues but the plant is complete, Moly claims to have rectified their mechanical issues but some way off bringing their cracking & chlor alkali on line.

Maybe Lynas can produce some indicative numbers for Ph1 in the Dec Q, Moly more likely in the March Q, but neither will be producing anywhere the optimum tonnages for either plant at that stage.

Until Lynas is producing something close to the 22kt rate & Moly 19kt for a full Q we will not see any hard data, and that's most likely 12 months or more away.

Given the cost efficiencies thru volume real CoP may well be driven by their respective abilities to place the near 50% of production made up by Ce. The Rhodia contract for Ce washcoat could well be Lynas's ace, underpinning Ph1.