LYC 0.46% $6.47 lynas rare earths limited

I have not read this article but in general there has been a lot...

  1. 774 Posts.
    lightbulb Created with Sketch. 350
    I have not read this article but in general there has been a lot of talk about recreating or replacing China REE industry. That will not happen anytime soon, nor does it need to happen. Serious industry players like Lynas know this. The focus is on creating a supply chain that reduces risk, whether geopolitical, logistical or other. Users will be more inclined to use RE if assured of reliable supply at reasonable pricing. That's where the likes of Lynas fit in and why Lynas has the potential to be extremely successful with its growth strategy. Lynas and MP materials will NOT be able to replace China's supply so it's not reasonable to think in those terms. Outside China supply (Lynas) has it's place in the scheme of things, lets not get carried away with ideas of world domination, not just yet anyway.
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
Last
$6.47
Change
-0.030(0.46%)
Mkt cap ! $6.075B
Open High Low Value Volume
$6.46 $6.52 $6.45 $451.7K 69.85K

Buyers (Bids)

No. Vol. Price($)
11 5826 $6.46
 

Sellers (Offers)

Price($) Vol. No.
$6.47 511 2
View Market Depth
Last trade - 10.07am 02/05/2024 (20 minute delay) ?
Last
$6.41
  Change
-0.030 ( 1.39 %)
Open High Low Volume
$6.49 $6.49 $6.40 35194
Last updated 10.25am 02/05/2024 ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.