"When Lynas starts selling it's REO the difference between China and FOB prices will narrow."
That is impossible, let alone by tax and surcharges on the FOB prices! you can use google and read a bit about difference between FOB and domestic REO prices... and you will see, that there always MUST BE a minimum distance per definition by them.
new lynas basket price from today, page-9
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Last
$6.11 |
Change
-0.180(2.86%) |
Mkt cap ! $5.711B | |||
| Open | High | Low | Value | Volume |
| $6.12 | $6.15 | $6.07 | $17.65M | 2.889M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 26354 | $6.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.15 | 3758 | 2 |
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| LYC (ASX) Chart |