LYC 0.64% $7.90 lynas rare earths limited

Ann: Water Supply Disruption in Malaysia, page-60

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 6,339 Posts.
    lightbulb Created with Sketch. 1113
    Just a point of clarity with respect to "output capping" and "quota" verbiage; The legal limitation is on the weight of radioactive material (Mt Weld REE concentrate) put through the LAMP Crack & Leach. At Mt Weld they improved the REE content of the concentrate and they furnace-dried the concentrate so that there is less water being weighed and they were able to increase LAMP "output" by both these means. The recovery has also no doubt improved as well, esp the recovery of Nd-Pr and the SEG and HREE fractions.

    Running at 75% of what they could achieve allows them to run continuously all year without worrying about being forced to shut down, which they had to do more than once in past Nov or Dec. It was also done to mitigate staff shortage potential risk during Covid. Also, they were "promised" an increase in the limit but it was never granted even though they made the improvements that were needed to achieve the higher limit.

    It will feel great to see that limit mooted by the new KAL-MAL ops. Not as good as seeing 10-12-15 ktpa Nd-Pr plans come to fruition.

 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
Last
$7.90
Change
0.050(0.64%)
Mkt cap ! $7.384B
Open High Low Value Volume
$7.99 $7.99 $7.76 $28.26M 3.589M

Buyers (Bids)

No. Vol. Price($)
1 14205 $7.83
 

Sellers (Offers)

Price($) Vol. No.
$7.91 44842 2
View Market Depth
Last trade - 16.10pm 06/11/2024 (20 minute delay) ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.