As I have said many times that Lynas is severely over priced. Worse than Dot come was 25 + years ago. Banks 18 years ago and AI to day. With a PE of 135 it will drop dramatically in price to be closer to its pears on the ASX which has an average PE of about 30. Recently 15 to 20 over a longer period.The thing is Lynas has no peers
The thing is Lynas has no peers either in Australia or around the world.
I, like many, hold shares in Lynas because they are a strategically important company in providing a source of supply outside of the monopoly China is trying to maintain. I suspect that the low prices of REs at the moment is driven by China, no doubt attempting to discourage new investment in REs and therefore protecting their near monopoly.
Despite the so called BRICS emerging I suspect that China is going to find fewer and fewer counties wiling to trust them and eventually this RE monopoly of theirs will be defeated. I will continue to hold in anticipation....
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Last
$8.88 |
Change
-0.320(3.48%) |
Mkt cap ! $8.306B | |||
| Open | High | Low | Value | Volume |
| $9.44 | $9.44 | $8.86 | $61.13M | 6.800M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 225 | $8.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.91 | 24100 | 1 |
View Market Depth
| Last trade - 16.11pm 27/06/2025 (20 minute delay) ? |
| LYC (ASX) Chart |