Yes look at oil look at swings. There are many similarities to REE. I doubt you could pump oil for a $1 a barrel. So you will have to go along way to prove to anybody that that number makes any sense. For proff why did all the Fracking stop at $25.00 to $30 a barrel lowering supply causing prices to go up again. They could not pump crude below that price. look at how many drillers went BK when Prices were at $25 / Bar. Talk about ridiculous number you cannot prove $25 is a profitable number never mind $1.00. The very fact you say $1.00 says allot about your understanding.
As far as Demand it is increasing but with CAGR estimated at 8 to 10% through 2024 it does not justify These increases. Will demand justify $60 / KG in a few years absolutely. Does it justify 100% price rises in 8 months? No it does not.
So only fact is "Oil 'could' be $1 a barrel," and lots of insults your ideas should be listened to?
Plus pleas defend Kitties statement the increased out put from Lynas supports higher prices. You cannot it is backwards.
REE prices., page-8
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Last
$6.89 |
Change
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Mkt cap ! $6.416B | |||
| Open | High | Low | Value | Volume |
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| Last trade - 14.10pm 10/05/2024 (20 minute delay) ? |
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Last
$6.87 |
Change
0.230 ( 3.36 %) |
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| Open | High | Low | Volume | ||
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| Last updated 14.28pm 10/05/2024 ? | |||||
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