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1.72%

$7.70 lynas rare earths limited

NdPR price, page-2270

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greenshoots11

991 Posts.

333

14/05/24

09:21

Post #: 73809486
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Originally posted by ContraryJ: ↑

NdPrO Prices up about just under 15% and production up just under 3% in April does indicate higher prices.

I have a couple of notes of caution
"The rare earth market embraced peak season." this is peak season and for the last 3 years prices have gone up but not once have the held.
We are still just over 400 RMB for Lynas to make good profits they need 750~85R RMB KG WV. For great profits about 1000 RMB. Look at chart below for a good idea where we have been to have a better idea of what we need for the future.

Many think prices will be helped by China's improving economy. AL said it was and there are plenty of statistics and arcles that say it is happening. I am reading more and more articles in publications like Forbes & Economist that say they are doing the wrong thing. They are counting on exports. Unfortunately the world does not like China right now and many countries like US are doing every thing they can to slow imports. Price cuts may not be enough to overcome the sluggish internal economy. if this is true then any recovery in China will be short.

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why would you be interested in the share price of anything if you don't leave your keyboard long enough to enjoy any money you may make?

LYC Price at posting: $6.92 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $7.70		Change 0.130(1.72%)		Mkt cap ! $7.197B

Open	High	Low	Value	Volume
$7.62	$7.70	$7.52	$35.79M	4.688M

Buyers (Bids)

No.	Vol.	Price($)
1	12728	$7.63

Sellers (Offers)

Price($)	Vol.	No.
$7.70	33134	4

View Market Depth

No.	Vol.	Price($)
1	12728	7.630
3	15577	7.620
1	12728	7.610
2	12828	7.600
1	200	7.570

Price($)	Vol.	No.
7.700	10350	2
7.710	19728	3
7.720	18043	4
7.730	14021	2
7.740	14795	3

Last trade - 16.10pm 26/09/2024 (20 minute delay)

LYC (ASX) Chart