I believe that’s the rhetoric, that’s passed around in retail share holder land - now misleading. Essentially a decreasing share price with no volume does not suggest anyone believes the Chinese spot market price holds any relationship.
The decouple is inevitable, I know ARU, are contracting above spot price, and also now have the 25% subsidy to further increase bargaining.
This means, those with deep pockets, and those in the know - who understand the state of play, will no longer buy/sell Rare earth companies due to the spot price in the REO price cycle.
The supply deficit is genuine, and so, pricing will be unique. Therefore, anyone that makes a buy/sell decision for Western rare earth companies based on spot price is limiting their opportunities.
There are two diverging roads:
1. Western markets : New Contracted price/ coupled with supply deficit formed due to tariffs and mandates = western world supply of REO
2. Eastern markets : Chinese spot price applicable.
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Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $394.2M |
Open | High | Low | Value | Volume |
16.0¢ | 16.0¢ | 15.5¢ | $226.6K | 1.429M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
30 | 1778168 | 15.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 464840 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
30 | 1778168 | 0.155 |
81 | 3050316 | 0.150 |
25 | 2064737 | 0.145 |
31 | 1328734 | 0.140 |
12 | 851293 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 464840 | 9 |
0.165 | 1847979 | 38 |
0.170 | 2638661 | 22 |
0.175 | 1210986 | 19 |
0.180 | 967187 | 23 |
Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
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