Not too difficult to believe its the Chinese , is it ? The motivation to stamp out a major competitor is pretty high . They have been active in buying mines in Australia to shore up supply of commodities they need Coal , iron ore , etc . Losing future control of rare earths pricing particularly when you look at the huge volume of gear needing these minerals - eg new iPads -11 million, iPhones 30 million - would be of great concern to them . Imagine if their production of RE dried up and they had to get it from LYC in future - "not happy Jan"!!!!
who funds who?, page-2
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$8.02 |
Change
0.120(1.52%) |
Mkt cap ! $7.496B | |||
| Open | High | Low | Value | Volume |
| $8.00 | $8.09 | $7.91 | $30.69M | 3.836M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 24797 | $8.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.03 | 44081 | 6 |
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| LYC (ASX) Chart |