What you say sounds very good but do fact support it? NO. Take a...

Do some research. Rivian has not even made 50 % of what there sales expectations were two years ago. As sales failed to materialize they constantly dopped their forecast. Beating current forecast is not that exciting. Tesla has also dropped prices and forecast. Can they even pay their debt at this level of sales? It will be interesting to see what Tesla's revenue & profit looks like both YOY and QOQ.

You say "Lynas last quarterly reported record PrNd production and sales" Production is true they finally after 5 years reached NEXT levels. Revenue you need to look again Q3 2022 was 328M and 2023 was 237M a drop of 90M, 27%. I agree that is significant but not in the way you think it is. Q4 will be lower and then Q1 2024 lower again. Because of Book to Bill delays we have not even seen a Q with recent low prices.

Yes Lynas is the only major suplier of REO. MP will be in production this year but there volumes are not expected to be close to Lynas for several years. MP is taking a different approach Rather than go for Max REO they are concentrating on expanding into Metals and magnets. Until recent price drops in REO I thought this was flawed because REO has best margins. Now with price drops we will just have to wait and see how well it works. It does give them more product, all in the same chain.

What you say sounds very good but do fact support it? NO. Take a look at PG. 4 of Q3 Report. Average selling price was A$58 in Q2 and A$48 in Q3. a drop of $10 or 19% in one Q, You and all your up-ramping buddies like to say contracts will protect Lynas but never even look at published data to see if you are correct. ASP will drop in Q4. JMO Q1 2024 will be the biggest % drop ever. simple reason NdPrO and most of the other oxides set a new multi year low to day.
https://wcsecure.weblink.com.au/pdf/LYC/02656730.pdf