Note that the USD258m quoted is in addition to the $30m support for the LRE plant in Texas, thus $288m = AUD441m represents a remarkable vote of confidence in our strategic alliance… Not to mention our remarkable MW production potential.
IMHO by any measure Lynas with three RE processing plants: in Malaysia (LAMP now updated with increased very high quality output), Kalgoorlie and soon LRE and HRE production in US - is clearly THE major world RE producer outside China for the foreseeable future.
Moreover, surely there’ll be mounting pressure for America to increase stockpiling of critical minerals including rare earths, and with China currently driving the price down wouldn’t it be logical for the USDOD to push for stockpiling the extra Lynas production - and then release from there to stabilise world prices and thus counter China’s trading strategies?
Note that the USD258m quoted is in addition to the $30m support...
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Last
$6.61 |
Change
-0.040(0.60%) |
Mkt cap ! $6.187B | |||
| Open | High | Low | Value | Volume |
| $6.62 | $6.65 | $6.58 | $1.305M | 197.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 7347 | $6.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.61 | 2219 | 9 |
View Market Depth
| Last trade - 10.51am 08/05/2024 (20 minute delay) ? |
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Last
$6.60 |
Change
-0.040 ( 0.53 %) |
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| Open | High | Low | Volume | ||
| $6.61 | $6.65 | $6.58 | 73364 | ||
| Last updated 11.10am 08/05/2024 ? | |||||
| LYC (ASX) Chart |