LYC 0.60% $6.71 lynas rare earths limited

Increased quotas could simply be in anticipation of increase in...

  1. 780 Posts.
    lightbulb Created with Sketch. 360
    Increased quotas could simply be in anticipation of increase in demand in the new year. Chinese govt may simply want to ensure supply to preempt rampant speculation and hoarding leading to price volatility. Or ensure overcapacity to keep prices lower than higher as a barrier to outside China wannabees. Who knows? Just another thing to be aware of, knowledge is power. Can't wait for the day western govts implement these policies to finally ensure outside China producers have half a fighting chance. I'm not in any way worried about Lynas btw, we are one of the lower cost producers, even compared to some inside China operators.
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
Last
$6.71
Change
0.040(0.60%)
Mkt cap ! $6.271B
Open High Low Value Volume
$6.69 $6.72 $6.62 $22.41M 3.351M

Buyers (Bids)

No. Vol. Price($)
2 8031 $6.70
 

Sellers (Offers)

Price($) Vol. No.
$6.72 16873 3
View Market Depth
Last trade - 16.10pm 27/05/2024 (20 minute delay) ?
Last
$6.70
  Change
0.040 ( 0.66 %)
Open High Low Volume
$6.71 $6.71 $6.62 860270
Last updated 15.59pm 27/05/2024 ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.