RE:That was not the Question, Bob.1st question was why Ryan didn't answer demo plant timeline. MP currently is producing separated REOs far beyond Ucore demo plant capacity, but is behind on reaching nameplate capacity of 40K tpa, which likely has hurt MP's share price.
You are right to hold all industry players to account for what they have actually done on schedule. But you seem to give a pass on Ucore, crediting it as having accomplished what it claims it will do in the future, and not dinging it for its many severe scheduel slips.
As for rare earth-free permannet magnets for RVs, that's a threat to all rare earth companies. I think a much bigger threat to MP's profits than Ucore is, even if Ucore succeeds.