It's all about the price of neodymium, which is down. Increases in the selling price of their main product drop straight to the bottom line. So do price declines. When electric cars get rolling, you will find out just how inelastic the price curve is for neodymium. It will skyrocket, because you can't make new things in the periodic table. There won't be near enough for all the cars and windmills. The total cost as percentage of the electric car is mere noise, so it could go up by a factor of 10 to 50 without anyone blinking an eye. And batteries are within 50% of their maximum conversion efficiency now, so you can't add many more batteries to your electric car. If you want your electric car to have decent range, you will need the best magnet available to convert electrical energy to motion energy. Otherwise you will just have a $30,000 paperweight. When the price of neodymium goes through the roof, so will Lynas's profit and stock price. In the short term, you will get tossed around by all the manipulators and Chinese puppets in Malaysia. We are at the first inflection point of the 20 year S curve of electric cars. The fun begins about 2022.
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