Col, don't think we need a lift ST so much as some confidence...

Col, don't think we need a lift ST so much as some confidence they are not going to fall further.
That, together with some indications that demand is growing back to the 130ktpa level. Wouldn't expect much price appreciation for the next year or two.
Growth in key tech markets around 8/9% should boost CREO prices over time but the bulk commodities of Ce/La will be lucky to do much better than CPI.

Don't think the market is placing any value at all on Lynas's LT off take agreements ATM. They appear to be a blue chip list who will have a long term focus, rather than jumping in and out of the spot market, so as the market gets comfortable they are largely intact Lynas should rerate accordingly. Will be v interestingly to see Lynas's "realised" prices in earnings reports v nominal "basket" prices once at steady state.