REE prices are already at multi-year highs and the demand pressure from booming EV sakes & wind power etc growth are only beginning to be felt. According to some forecasts, EV sales will grow so rapidly over the next 5 years that it REE shortages may be on the horizon.
Lynas’ stock will definitely be boosted by expanding into the US and Australia over the next few years, retiring sovereign risk that has suppressed the sp for a decade.
If Lynas executes as planned and barring recession etc I think Lynas doubling its share price over the next one to few years is a given. My guesstimate is LYC will be $10-$20 by 2025.
DYOR, obvi
REE prices are already at multi-year highs and the demand...
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Last
$6.51 |
Change
-0.050(0.76%) |
Mkt cap ! $6.085B | |||
| Open | High | Low | Value | Volume |
| $6.60 | $6.61 | $6.49 | $13.64M | 2.089M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 40310 | $6.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.52 | 711 | 2 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$6.51 |
Change
-0.050 ( 0.64 %) |
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| Open | High | Low | Volume | ||
| $6.60 | $6.61 | $6.49 | 583098 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| LYC (ASX) Chart |