Take a good look at prices between October 2023 and now. Pay careful attention to 2024 so far. Copper is going up because a cut back in production Coper makes up about 5% of China's GDP REEO about 0.02% do you think that might make them different as to what the government is thinking? For Lynas SP to be AU$6.00 a share at a PE of 20 Lynas has to make $280 M. JMO that would take a REEO price of 650RMB which is 45% of todays price. so why do people get so excited over such small changes. Everyone was excited the first 6 weeks of year because prices were flat. Many said this is a bottom and price would surge from then. Then what happened? Another 50 RMB / KG drop! -12% in 3 weeks.
LYC Price at posting:
$5.82 Sentiment: Sell Disclosure: Not Held
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