I think you're confusing 'demand' and 'demand side economics'. My reference to Chinese control of demand side economics refers to Chinese control of pricing within current physical demand parameters. The reality is if China drops the price of REE another buck for another 6 months, it is completely irrelevant how good Lynas tightens the efficiency of their supply (cost of production), they will still go broke. Demand side economics completely outside their control as they have no profitable off take agreement locked in. Punters get pretty excited hearing the benefits of breaking monopolies but forget the difficulty in doing so. Not only will the Chinese win this war they will crush global REE financing for 20 years. Every financier will say remember Lynas and Molycorp back in 2015....we lost billions on them. No way, I'm not financing another plan to break a monopoly controlled by the largest communist government in the world.
I think you're confusing 'demand' and 'demand side economics'....
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$6.14 |
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