China is holding REE prices low. They are probally subsidizing there internal proccesors heavily to ovecome losses. We can sit around and complain about this or take it as reality and decide how it impacts out investments.
JMO the REE market will be in control of China for many years. This is a negative for Lynas. There are lots of negatives and many positives. The question is not are these realities unfair but is Lynas a buy now. or in the next year. I firmly believe Lynas will be a great buy just not for the next 6 months and maybe longer than that.
Lynas Rare Earths Has A Big Potential Problem, page-27
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Last
$6.09 |
Change
0.110(1.84%) |
Mkt cap ! $5.659B | |||
| Open | High | Low | Value | Volume |
| $6.11 | $6.11 | $6.02 | $8.958M | 1.476M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 19684 | $6.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.09 | 29423 | 63 |
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| Last trade - 14.43pm 25/06/2024 (20 minute delay) ? |
| LYC (ASX) Chart |