While a sudden downturn in RE oxides is a concern but because Lynas uses a 90 day average for its RE pricing, margins should still remain very healthy until EOFY, regardless. I guess your decision to hold or sell depends on whether you are an LT or ST investor. I would expect the RE oxide prices will settle at a support level, it is just a matter of speculation as to where that level is.
DYOR
NdPR price, page-12
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Last
$6.10 |
Change
-0.160(2.56%) |
Mkt cap ! $5.701B | |||
| Open | High | Low | Value | Volume |
| $6.14 | $6.16 | $6.02 | $31.69M | 5.119M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23252 | $6.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.10 | 23221 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |