The difference in the case of RE's and Lithium is that there were only small markets in the early 00's. Now demand is greatly outstripping supply and China is merging their three largest RE companies into one behemoth with the goal of strangling the market.
This will benefit Lynas greatly as Western companies decouple and China throws its weight around. More reserves. More production capacity coming on line. This all bodes very well even in a very mixed market.
Governments are driving green energy, not the market. High POL prices are a construct by governments to force the issue despite the complete lack of infrastructure. California has hundreds of thousands of EV's but God forbid you try to recharge on a road trip. The grid itself is a mess in many countries. And there will always be a need for 100% backup power so the real cost savings are minimal.
Power shortages are predicted across the world in the Northern Hemisphere this summer.
LYC Price at posting:
$9.25 Sentiment: Buy Disclosure: Held
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