serena: When have you known China to lose a "war" when it comes to buying or selling commodities ?
Think about it.
Remember what happened when RIO and BHP were pushing the price of Iron Ore up ?
FMG came into production in record time with the help of the chinese. This diffused the control out of RIO/BHP hands.
China got enough stock pile reserves of anything.
They can dump on market what they want to sell.
Or,can refuse to buy ore for years on end.
And who in the western world can afford not to sell to China for 1year without suffering financial losses?
Lets hope that Japan remains the savior for Lynas for years to come.
And ,at same time Lynas guarantees supply for whatever Japan needs at a competitive price that exceeds the COP.
I agree that the price of REE will have to increase to help all producers. imo, China will never lose its monopoly .
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