Don't think that is too significant for LYC with its far superior ore but such drops in ree prices REALLY impact the economic viability of the MCP ore! How low can ree prices go before the ree ore is only usable as road fill? Check them out:
http://www.techmetalsresearch.com/metrics-indices/tmr-advanced-rare-earth-projects-index/
significant rare earth price fall this week, page-11
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Last
$6.74 |
Change
-0.080(1.17%) |
Mkt cap ! $6.300B | |||
| Open | High | Low | Value | Volume |
| $6.83 | $6.85 | $6.67 | $15.08M | 2.242M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 70897 | $6.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.75 | 3296 | 2 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |