Cost savings with cheap labour in Malaysia was no doubt the initial reason. US because transport costs too high from Australia and reduced risk
But with travel banned in and out of China due to the Coronavirus, won't this increase prices?
Sorry @Chief_Wigam … I didn't realise you had mentioned it earlier in the thread. Thought it may have been a LesIt is a Gibson Les Paul 2015 model. It's called a Les Paul Less Plus. It's a bit lighter than a regular LP but has the same sustain. It's my main axe
Cheap labour, cheap consumables and a tax free holiday for 12 years were reason enough to invest in Malaysia. Unfortunate that the Fukushima disaster, a strong social media movement against the company due to very low level radioactive material and an incompetent government turned Lynas into a lemon. Plenty of short term trading opportunities, like most of the companies in the REE sector, but never a good long term investment.Cost savings with cheap labour in Malaysia was no doubt the initial reason. US because transport costs too high from Australia and reduced risk
But with travel banned in and out of China due to the Coronavirus, won't this increase prices?
I wonder if it is not a case of the tide raising all the boats...
Yes, definitely true but there are some that seem to be be ignoring a falling tide too.
Lynas Corporation Limited announced on 22 April 2020 that it has been advised by the U.S. Department of Defense of the DoD’s intent to award a Phase I contract for a U.S. based Heavy Rare Earth separation facility to Lynas.
Lynas has subsequently seen media reports in the U.S. of political debate on the merits of supply from the U.S., supply from U.S. allies, and supply from other sources.
Lynas remains one of two companies selected for Phase 1 of the project, however Lynas understands that the U.S. government’s progress on Phase 1 is currently on hold while those political issues are addressed. We are committed to developing our Heavy Rare Earth separation facility and work is continuing on the plant design and engineering. We continue to regard our Heavy Rare Earth separation facility as an attractive strategic project.
- yes, but the orange comb-over is an impediment.
"We are very pleased to have signed a contract with the DoD for this Phase I work," said Lynas chief executive and managing director Amanda Lacaze. "Heavy rare earths are essential for the high performance magnets used in electric motors, and Lynas has the feedstock, intellectual property, and track record to deliver a heavy rare earths facility in a timely and low risk manner. We look forward to working with the DoD to progress this project."
I saw that on TV - the Alkane spinoff at Dubbo; ASM listing this week.Gapped up out of 2 month range ... looks good.
There was some publicity on Rare Earths on the TV over the weekend. Hopefully the RE publicity will spill over into some interest on my VML shares as well
.... Beyond the progress of the processing facility, Lynas has expanded its product range by separating its production of neodymium-praseodymium (NdPr) to two separate products, to deliver more value for the company. Price outcomes from separated Nd and Pr were positive, Lacaze said, with the former realising a premium of around $US2-3 ($2.7-$4.1) per kilogram over NdPr.
The company is also separating its medium and heavy rare earth feedstock, which is currently sold in the form of SEG (samarium, europium and gadolinium) to a separator in China.
“The market is strong and attractive and we expect that demand for and price of these elements will continue to grow as demand for high power electric motors grow,” Lynas chief executive Amanda Lacaze said.
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