just conjecture on my part as I tend to agree with you on this could be related to their "steel mill roll product"
In that regard LBL is almost a defense industry / defensive stock now given the angst between China and Australia/USA , and analogous to what happened with Huwai and 5G .
So would a country really want to be dependent on a belligerent trading partner for flat steel bar and sheet steel - or would you put tariffs against that country to reinvigorate your own steel industry plus at a govt level promote improving the efficiency of the industry with lower per unit of production cost consumables like LBL's steel mill rolls ?
Why the movement of LBL today?, page-6
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Last
57.0¢ |
Change
-0.010(1.72%) |
Mkt cap ! $66.81M | |||
| Open | High | Low | Value | Volume |
| 59.5¢ | 59.5¢ | 56.0¢ | $63.72K | 111.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 10110 | 56.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 57.0¢ | 1594 | 1 |
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| Last trade - 15.47pm 08/10/2024 (20 minute delay) ? |
| LBL (ASX) Chart |