LYC 0.66% $6.06 lynas rare earths limited

stage 2, page-9

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    'He was unavailable for comment on Monday as he was meeting with investors in Europe, where Lynas said it had already secured sales contracts for the bulk of its stage two production.'

    Does this mean that >50% of stage 2 is being sold into Europe? If so then where does that leave the Japanese allocation?

    Or is stage 2 something different?
 
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