🔴 *BEAR CASE:* - China export controls SUSPENDED till Jan 2027 → scarcity premium gone - Trump-Xi diplomacy → less fear, stock down 15% in 30 days - Short-term oversupply risk
🟢 *BULL CASE:* - *DoD $400M + 15% stake + $110/kg floor for 10 YEARS* — Pentagon literally guaranteeing price! - *Apple $500M* 100% recycled magnet deal - Q2 Revenue *+89% YoY* - Only USA mine-to-magnet company — F-35, EVs, iPhones all need it
My position: *Long at $45.20* — I think this $46 dip is gift. Bear case is short-term, Bull case is 10-year national security.
Jan 2027 when China controls resume, this could fly back to $80+