What we are seeing is a general reaction to the bad numbers out of the U.S.
However, with government mandates for green energy I would expect Lynas to continue on its current path. The company is profitable with its current model and will be expanding that model to reduce processing costs and generate greater volume.
With China flexing its muscles we can expect negative impact to the RE supply chain at some point.
Expansion of processing into North America is probably a given, so overall production and sales volumes will increase.
Commodities are at record highs as well, so between demand and inflation I expect Lynas' share price to reflect these trends.
What say you?
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$6.51 |
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Mkt cap ! $6.085B |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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2 | 40310 | 6.480 |
6 | 48075 | 6.470 |
3 | 24132 | 6.460 |
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3 | 15000 | 6.420 |
Price($) | Vol. | No. |
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6.520 | 711 | 2 |
6.530 | 36777 | 6 |
6.540 | 24497 | 6 |
6.550 | 16310 | 2 |
6.560 | 12310 | 2 |
Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
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Change
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