Yes it is up yesterday but for more excitting for all the REE stocks is what prices have done in a month. Here is 1/7 till today
This long term increase is far more important than any move in any day. Unfortunately 6% a month will take a long time to make a change to allow good profits for Lynas. Price needs to be over 750 RMB WV. Another positive is magnets have gone up across the board 6 RMB in the last couple of weeks a very positive indication. Depending on type the percentage varies, refrigerator magnets N35 are up 5% Magnets like 50EH used in high performance motors are up 1.5%.
The one down side is LI carbonate used in batteries is down and still going down. in last month it has dropped 15% This is a direct reflection on batteries which is a reflection on the auto and hand tool market. There are many uses for Perm magnets but auto and tools is one of the biggest. I cannot see a big recovery in REE prices till this market recovers. Posible but less than a 50% chance
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Last
$7.70 |
Change
-0.070(0.90%) |
Mkt cap ! $7.197B |
Open | High | Low | Value | Volume |
$7.63 | $7.72 | $7.57 | $17.44M | 2.316M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 482 | $7.69 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.70 | 6582 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 7223 | 7.570 |
1 | 3000 | 7.560 |
1 | 3 | 7.550 |
2 | 3000 | 7.540 |
1 | 3000 | 7.530 |
Price($) | Vol. | No. |
---|---|---|
7.740 | 3000 | 1 |
7.770 | 1792 | 4 |
7.800 | 9312 | 4 |
7.810 | 400 | 1 |
7.850 | 1457 | 2 |
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