Yes,, I think this development is a game changer.
https://mpmaterials.com/uploads/2020.07%20MP%20Materials%20Transaction%20Deck.PDF
With implications for Lynas.Once the refining equipment does switch online, the goal is to use that material on site to make more than 5,000 tonnes per year of neodymium and praseodymium (NdPr), two of the 17 types of rare earths that are used to make magnets.
Friday’s tariff news means that MP Materials will need to find more customers outside of China once it restarts its California processor, pitting it against Australia’s Lynas Corp (LYC.AX), the largest rare earths miner and processor outside of China.
Lynas CEO Amanda Lacaze has vowed not to cede her company’s market share outside of China.
“This will put MP Materials in direct competition with Lynas. Smart play, China,” said Ryan Castilloux, managing director with Adamas Intelligence.
https://www.reuters.com/article/us-usa-rareearths-mpmaterials-idUSKCN1VD2D3
Yes,, I think this development is a game...
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