That’s a nice sentiment, but the ENTIRE global REE industry is only $10 billion.
Let that sink in.
So it’s aggravating that government and business leaders wring their hands and furrow their brows for years and years warning that China has a monopoly on critical minerals. As we all know, this is not because China has all of the resources, it’s because China undersold everyone. This problem is easily solved with a little cash, and the US is finally stepping up
The only way Lynas’ share price hits $20 is for the REE price to go up significantly. Two possible scenarios -> China reduces or ends REE exports to the US AND/OR REE demand ~doubles, as predicted by forecasters to happen in 2025-2030.
In the mean time, expect a grueling fight to $3. The day Lynas starts operations at either of the new plants will be worth a buck or two as well.
- Forums
- ASX - By Stock
- LYC
- FVAC versus LYC
FVAC versus LYC, page-13
-
- There are more pages in this discussion • 43 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LYC (ASX) to my watchlist
|
|||||
Last
$6.13 |
Change
-0.095(1.53%) |
Mkt cap ! $5.725B |
Open | High | Low | Value | Volume |
$6.12 | $6.21 | $6.09 | $10.53M | 1.717M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
38 | 16709 | $6.12 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.13 | 25846 | 58 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
31 | 16846 | 6.120 |
30 | 28255 | 6.110 |
16 | 46841 | 6.100 |
15 | 36428 | 6.090 |
13 | 57229 | 6.080 |
Price($) | Vol. | No. |
---|---|---|
6.130 | 25946 | 49 |
6.140 | 49203 | 30 |
6.150 | 50577 | 17 |
6.160 | 90335 | 10 |
6.170 | 6792 | 5 |
Last trade - 14.57pm 30/07/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online