Ann: Response to ASX Aware Query, page-13

Speed and the ability to objectively analyse news is a fundamental edge in the world of investing. Several high-profile announcements were released around 1-3 pm this week, catching the market off guard. Below I recap some of the interesting ones, the subsequent price action and intraday charts.

Syrah Resources (SYR)– Friday 1:09 pm, 20 October (Bloomberg)

• The News:China announced temporary export measures for some graphite items to safeguard national interest
• Why it’s important: China produces 61% of all flake graphite, refines 99% of natural spherical graphite and produces 93% of the world’s anodes for EV batteries. Export measures can have a significant impact on supply chains.
• Share price reaction: Down ~5% before the news to a 16.3% gain by close
• The next day: Shares opened 17% higher and finished 41.5% higher

Lynas (LYC)– Tuesday 3:29 pm, 24 October (Bloomberg)

• The News: Lynas received an operating licence to continue cracking and leaching activities at its Mt Weld Mine in Malaysia through to 2 March 2026.
• Why it’s important:Successful appeal on the conditions prohibiting lanthanide processing in Malaysia.
• Share price reaction:Rallied as much as 13.5% between 3:29 pm and 3:45 pm
• The next day: Shares opened around 4.4% higher. Citi upgraded its NdPr production forecasts by 16% for FY25 and 8% in FY26 to incorporate the successful lanthanide appeal. “Now we believe LY can increase production sooner … net impact is that earnings are up 14%/6% in FY25/26.”