cost of production steady state is $14/15 per kg. Even if the basket rare earth price falls to $ 20 per kg, we can still keep going. As long as can ride this storm (low REE prices) out, we can make it.
Long term speaking, the need for an outside China supplier like Lynas is a must for national security. No country wants to be too dependent on any other country. The support we get will keep Lynas going even in lean times.
We just need to hang on till the next upturn in REE earth prices.
My experience with commodity and stock prices are that when it falls too quickly, the upturn is very often just as sudden.
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