Ausheds:)
Nice charts. Looking at your selection of the RE industry I would say wholesale manipulation is not a major problem but that massive oversupply is a huge problem. It seems LYC and Moly chose exactly the wrong time to come on line......
They missed the Boom and are now starting up in the Bust, which is putting both companies profits, if not survival at risk. It will also mean any company not already in production will not get into production unless heavily subsidized due to national interests. Also there will be a massive rationalization of the overproducing suppliers mainly in China. In China they will have to shut down about 50% of the historical LRE production to bring supply and demand back into balance.
Sadly for LYC and MCP Resources it is the LRE that is in the most acute oversupply. If any LRE producer survives it will probably be due to national interests subsidization outside of China. Not on purely economic grounds.....
off to 32c and beyond soon ?, page-121
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Last
$6.11 |
Change
-0.180(2.86%) |
Mkt cap ! $5.711B | |||
| Open | High | Low | Value | Volume |
| $6.12 | $6.15 | $6.07 | $17.65M | 2.889M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 26354 | $6.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.15 | 3758 | 2 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |