Yes and you are still waiting for 48 volt hybrids to be the standard. I have to admit a year or to ago it looked like Chem was correct. For the very reasons I said Hybrids are now becoming the standards. They are outselling BEVs in US. Long term Chem will be correct but a transitional product is needed. the only type of of EV that will never be mass produced in 48 MH. there are some but the HP of a lawn mower is just not enough for wide spread adoption.
Explain why it took Lynas almost 2.5 years not to worry about restrictions from MAL on Lamp C&L. the answer is simple they had no idea about Capacity of KAL and COP. Never even understood till a year or to how much they needed LAMP C&L. Just explain one thing to me.
If Lynas knew what they were doing and were notified AUG 2019 of restrictions on Lamp C& L
"2. Cracking & Leaching relocated to Western Australia As announced on 21 May 2019, Lynas will relocate Cracking & Leaching, the first stage of its operations currently located in Malaysia, to Western Australia as part of the Lynas 2025 growth plan".https://wcsecure.weblink.com.au/pdf/LYC/02134354.pdf
Why did it take nearly 3 years for them to start saying this was unfair and a big problem? My answer is simple they thought KAL had it all covered and did not have a clue to what it could do at what cost.
Here is the June 2022 still no mention of KAL not being able to fulfil the concentrate needs for expanded lamp and Texas and beyond. Why don't you find where Lynas starts saying how important LAMP C&L is to them and how unfair it is for MAL to require it to be shut down?
Do me a favor show me one project that Lynas has managed that has met capacity and been delivered within 10% of budget and schedule. If Lynas is as great as you say you should be able to provide several. Show one thing that was promised in May of 2019 that was even close to expectations.
Even when AL told us new schedule 3 months before she claims KAL would be on line it slipped another 3 months (total 6) and unless she gives an update in SAR CC it still is not doing what she said it would do in Sept 2023. Yes I know MAL gave Lynas another 2 years so KAL is no longer a priority. But is this realy a well run project? How about Texas. Suppose to be on line Late 2022 and they still have not broken ground. Wasted time groveling for USG money. Money that will not change the yearly P&L very much at all since it is a CAPX offset.
China has 80% + Of the REE market. would you care to explain why you think a merger of Lynas and MP would challenge there dominance in any way?
Just more assumptions with ZERO research or thought to back it up.
LYC Price at posting:
$5.84 Sentiment: Sell Disclosure: Not Held
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