Only positive is that Lynas won't be selling product at fire sale prices to a market with temporary reduction in demand.
in fact this could have the effect of making the product they do hold more valuable to those that do still need it.
Interesting to see If China push up the price now that Lynas is out of action for a while.
Ann: Temporary Halt to Production at Lynas Malaysia Plant, page-4
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Last
$6.38 |
Change
0.145(2.33%) |
Mkt cap ! $5.940B | |||
| Open | High | Low | Value | Volume |
| $6.34 | $6.38 | $6.28 | $7.713M | 1.217M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 53 | 21122 | $6.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.38 | 10180 | 20 |
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| Last trade - 14.51pm 11/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |