The stock did great last night. The question is will it continue? NdPr Oxide is now Below what many feel is a level that Lynas can make a profit. 70 USD / KG NV More than half the Magnets fell 10 RMB again last night which is 2 to 4% Depending what you look at.
Rember REE in the ground has no value. It value is what you can sell it for Minus the cost to dig it up and process it. Many on this board cheered when price was going up, and liked to point to the fact that a price increases went to the bottom line. In June '22 NdPr was 962 RMB / KG with Vat To day 542. What do people on this board think will be hit by this drop? JMO but profits will be hit bad and revenue less nothing as bad as what I THINK Q1 will be.
LYC Price at posting:
$6.54 Sentiment: Sell Disclosure: Not Held
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