Goldman Sachs presentation on lynas today .
Global market: Short term uncertainties related to COVID-19; long term growth expectations remain strong
• NdPr growth over the next 10 years
• Automotive: Major effect of COVID-19, but expected to be more limited for EVs
• Predicted -20% Global sales in 2020
• Increased government support for EVs
• Proposed 500 billion Euro EU Recovery Fund
• China extended subsidies for EVs
• Seeing greater resilience in NE Asian auto markets e.g. Korea • Korea -6% in Q1 20, growing in April
• Wind Energy growth expected to accelerate from 2021
• Reports of new stock piling program in China for NdPr, Dy, Tb (first since 2017)
COVID19 has increased appetite for RE supply chain alternatives to China:
Share price - General Discussion, page-263
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