Turns out Mr. Ibrahim in China to discuss Asia centric currency with Pres. XI and de-dollarization plans which he originally proposed several years ago and didn’t go anywhere. When 60% of world is on US dollar reserves not sure there isn’t a long way still to go in that discussion! Nonetheless he has a tough position while trying to encourage investment from the likes of Kaneka and an Apple looking to diversify.
LYC Price at posting:
$6.21 Sentiment: Buy Disclosure: Held
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