LYC 2.60% $7.88 lynas rare earths limited

Total nonsense, there were multpile approaches to Trump to block...

  1. 19,587 Posts.
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    Total nonsense, there were multpile approaches to Trump to block the sale of MtP to a consortium which included Chinese equity.

    While a Bill with Trump's name on it was written identifying NdPr as a critical material, and a series of DoD tenders resulted, Donald has blissfully allowed the Chinese to ship as much US NdPr out of the country as they like, back to the Motherland for Chinese value add to oxides, metals & magnets.

    Not only are they producing it at 12 month high rates but they are also selling it too, at heavily depressed prices:

    China's PrNd mischmetal producers' sales volume up by 18.8% YOY in April

    http://www.asianmetal.com/news/data/1561772/1

    Thnx Donald, thnx for enabling the MtP patriots to depress NdPr pricing by shovelling all that US NdPr concentrate to the Dragon, seriously bad joke.

    All on Trump's watch, only a knuckledragger could sanction that stupidity.
    Last edited by ausheds: 04/06/20
 
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