Oh right, how goofy of me. LOL!
An MoU with Sumitomo for 1500t/pa of a 30% TREO concentrate or 90% HREO MIX.
That changes everything!
NTU still quoting FOB prices for a HREO mix that will require further downstream processing just to become a product that can be used by MSC companies never mind end users. No value add there and the selling price of that HREO mix will reflect that. Hmm, who has the ability and capacity to process a HREO mix into seperated HREO for use by MSC customers? That would be China.
Talk about fantasy...
Lynas is all about value add at every possible level. Security of supply from an environmentally sustainable operation to ROW customers, both MSC and end users.
Lynas is a reality unlike others who are still dreaming.
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