Speed and the ability to objectively analyse news is a fundamental edge in the world of investing. Several high-profile announcements were released around 1-3 pm this week, catching the market off guard. Below I recap some of the interesting ones, the subsequent price action and intraday charts.
Syrah Resources (SYR)– Friday 1:09 pm, 20 October (Bloomberg)
- The News:China announced temporary export measures for some graphite items to safeguard national interest
- Why it’s important: China produces 61% of all flake graphite, refines 99% of natural spherical graphite and produces 93% of the world’s anodes for EV batteries. Export measures can have a significant impact on supply chains.
- Share price reaction: Down ~5% before the news to a 16.3% gain by close
- The next day: Shares opened 17% higher and finished 41.5% higher
Lynas (LYC)– Tuesday 3:29 pm, 24 October (Bloomberg)
- The News: Lynas received an operating licence to continue cracking and leaching activities at its Mt Weld Mine in Malaysia through to 2 March 2026.
- Why it’s important:Successful appeal on the conditions prohibiting lanthanide processing in Malaysia.
- Share price reaction:Rallied as much as 13.5% between 3:29 pm and 3:45 pm
- The next day: Shares opened around 4.4% higher. Citi upgraded its NdPr production forecasts by 16% for FY25 and 8% in FY26 to incorporate the successful lanthanide appeal. “Now we believe LY can increase production sooner … net impact is that earnings are up 14%/6% in FY25/26.”
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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2 | 9162 | $6.75 |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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1 | 750 | 6.730 |
1 | 776 | 6.700 |
2 | 5300 | 6.680 |
2 | 14900 | 6.670 |
1 | 1000 | 6.650 |
Price($) | Vol. | No. |
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6.800 | 3857 | 3 |
6.810 | 1747 | 3 |
6.820 | 1800 | 1 |
6.850 | 301 | 1 |
6.880 | 4000 | 1 |
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