The US has been dragging its feet on a Critical Minerals deal with Australia; we were supposed to set up a processing hub in SE WA and it's been radio silence now for ages. Surely it's a bargaining chip in the tariff thing... but Albanese hasn't been able to meet with Trump to sort it out. The market for pegmatite Li has not taken off yet for Australian explorers, instead it's been slammed down by the usual culprit when it comes to this sort of thing; China. Yet China has little of this form of pegmatite and masses of the Li carbonate which has less potent properties. Therefore Australian explorers with significant amounts of Li pegmatite should logically be set for a rise if the market were rational. The market for Li and REs just isn't falling together because of the macro stuff which theoretically at least provides opportunities. Meanwhile LYC has onerous conditions on its licence with Malaysia and needs to get them lifted. They are surely placed to do well in this environment but the delays are maddening. Fascinating and good video.
LYC Price at posting:
$9.52 Sentiment: None Disclosure: Not Held
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(20min delay)