Ouisa, got any numbers to back up those claims?
The COP as stated by Lynas was about $19/kg phase 1 only (plus about another $2 or so corporate). Cost reduction measures are being pursued.
Looking at current prices I get a basket price of about $27/kg. Not a great profit but enough to keep going at a modest prifit until the market recovers.
The good news is that Baotou and Moly seem unable to make a profit at these levels so it's doubtful that these low prices can be sustained.
For me the big issue is demand.
http://www.frontierrareearths.com/industry-data/rare-earth-prices
Ouisa, got any numbers to back up those claims?The COP as stated...
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