The problem for shorters is that with so many people shorting a stock, there are little more people left to short the stock further.
The shanghai index is a measurement of world consumption, REE are best with a healthy consumption. Hence whilst the Shanghai index is sliding downwards it would be perceived that the worlds consumption isn't healthy (economically) and REE demand may reduce leading to companies like LYC not being as strong as it could be.
This is my opinion why the Shanghai index seems to influence LYC (and XAO) as it does.
/end rant
lynas delays could mean equity raise , page-12
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.14 |
Change
-0.200(2.72%) |
Mkt cap ! $6.673B | |||
| Open | High | Low | Value | Volume |
| $7.34 | $7.34 | $7.13 | $39.28M | 5.467M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1546 | $7.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.15 | 72361 | 6 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |