I personally would not place a great emphasis on Wesfarmers LYC bid. The Board and the Management do not have a granular knowledge of the ins and outs of rare earths commodities. The rare earths LYC produces are also only 5pc of the RE commodity products that the global military industries really need. the fact is that right now the magnet equation for EV is not as important as the specific compounds needed for top secret military equipment for the US and Israel.
Why on earth the owner of Bunnings and ex owner of Coles thinks it can add value here to me is quite confusing. I've been a WES owner in and out for years, but its angle on LYC indicates to me that it's in a rush to deploy cash into investments it does not understand. And if that follows to PLS, well let's see how the owner of a hardware chain, supermarket store and department discount store can add value to the future Saudi Arabia of motor vehicle energy (PLS). I don't see WES
having a go whatsoever. When PLS gets taken out, it will be Asian German or US capital. there's a big difference between the fuel for EV vehicles and $5 kids t shirts and s
new garden hose for your lawn.
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