Lol, not much wrong about a healthy 7 figure positive in Lynas, deep value still yet to be recognised.
Let me help you with some DD, one of the earlier pieces that put me on the right track, abundant confirmation since, incl plenty of Chinese mag makers that now consider dysprosium a dirty word, increases costs & reduces flux, increasing mass.
http://www.sdk.co.jp/english/news/13382/13817.html
"The new technology will enable SDK to further reduce the levels of added Dy for more demanding applications such as electrically-assisted power steering and electric vehicles."
That was four years ago, little wonder the Dragon is producing < 30% capacity ATM, and struggling to give the stuff away.
Here it is in dead plain English for you:
"DY-FREE AND LOW-HRE
dependence on HRE (Heavy Rare Earth) material used to control coercivity. Yunsheng has made enormous strides since 2012
to completely eliminate Dysprosium and Terbium from almost half our material grades. Today, Yunsheng already provides Dy-free grades up to 48H with significant HRE reductions (up to 70%) in our low-HRE grades. As Yunsheng anticipates the growing demand in Neodymium magnets from the automotive and industrial sectors for higher efficiency and cost-down opportunities, our R&D team continues to develop and expand its sustainable practices programme for HRE-free grades."
http://www.yunshengusa.com/products/sintered-neodymium
Really wasn't difficult to predict the collapse of HRE "semi precious metal" pricing that had driven by speculators like Fanya, but even I have been a little surprised by the extent of demand collapse at these dramatically reduced price levels.
OUR PRODUCTS :
- The next generation of sintered NdFeB permanent magnet,
- Heavy rare earth FREE solution up to 180 C,
- Magnet systems and assembly.
LEADING POSITION :
Largest sintered NdFeB (neodymium iron boron) permanent
magnet manufacturer in China (2014).
- 83% of China rare earth resource is controlled by our shareholder : China Northern Rare Earth Group.
Today we have 3 series of Grades as below :
- F SERIES : YSM FS Process 100% HREE reduction
- G SERIES : YSM HS Process 50% HREE reduction
- N SERIES : YSM LOP Process 25% HREE reduction
"The technology allows for the manufacture of sintered neodymium NdFeB magnets that deliver greater performance wiht free or less heavy rare earth material. The process also results in higher production yields."
http://www.ysm-magnet.com/
But that is all old stuff now, the intense competition to produce more cost effective NdFeB has led into low oxygen process, reduced particle size & grain alignment, using tiny amounts of Tb at boundaries in preference to Dy.
You can flog this donkey for all you're worth, but you ain't going to shift reality.
(20min delay)
