Everything I've read makes me think that rare earth offtakes may be somewhat like those within the graphite space... unfortunately, meaning that they are not in fact binding as they usually have price related mechanisms that are calculated at time of production... and parties can refuse contract at such time if not suitable.
I could be wrong, and really hope I am.. but, then again, the demand is there, so customers ultimately should be too.
If you look at graphite literally every stock called them binding offtake... later refuted and made public that these are nowhere near binding by gpx at the time (now mvl)... now other companies finally admitting they're not binding...
Anyway, come Monday hope I'm dead wrong..
Gltah
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