Jan. LYC is a long long way to proving its worth.
The decline in REE prices showed that the high prices were a doing of the Chinese. Now that competition is around, down it goes.
I do not believe LYC can compete against the Chinese.
People talk about national security making Lynas a preferred supplier, but that represents only a small fragment of the market. FCC, autocatalyst, glass polishing, magnets form the bulk and Consumers of such are loyal to price alone - you cannot not be loyal to price if your competitors are producing cheaper than you are.
All this talk of Japanese boycotting Chinese REEs only represents a small part of REE consumers.
I also believe the Chinese FOB price will slide down towards to domestic price and the two will be the same.
there isnt much margin left.
the whole feasibility of Lynas is in question.
lynas technical, page-4
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.14 |
Change
-0.200(2.72%) |
Mkt cap ! $6.673B | |||
| Open | High | Low | Value | Volume |
| $7.34 | $7.34 | $7.13 | $39.28M | 5.467M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1546 | $7.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.15 | 72361 | 6 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |