I looked at Charles Schwab on Lynas and they say that they now have 1.66 billion shares. How can you get any earnings per share or any per share statistics that will make any sense.
In addition China controls 95% of the world market in thses metals and gross sales are just over $1B dollars.
Even if Lynas was the only other mine during the next decade and that will not be the case, they would need to create a 100% increase in the need for these metals and they would have to capture 100% of sales on the increase in demand just to generate 1 billion.
The Chinese and other companies are not going to let them do that. Having close to 2 billion shares is a big problem. Plus Chinese labor costs are $1000 per person compared to Australia where labor will get $40,000 per worker or more, just like the mining industry areas in Australia.
China is a big country, bigger than Australia and 90% of its minerals have not even been discovered yet. During the next decade I expect the amount of new discoveries of gold, silver, copper, rare earth will increase by 100%. Why, because China has just scratched the surface during the last ten years in terms of exploration of its own country.
The west is not able to compete against China when it wants a market. It is called $1-2 per hour labor costs. We can not compete against that.
chinese are trying to corner the market for themselves. Would they succeed ? Anyway please have a look at Greenland which may be the next big thing in REE country and China may make the next move on those companies.