LYC 2.72% $7.14 lynas rare earths limited

In defense of the $20 price target. Many here look at the short...

  1. 1,927 Posts.
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    In defense of the $20 price target. Many here look at the short term swings too much and fail to keep their eye on the big picture starting with softening US dollar, stimulus in China sure to reflect in demand for NDPR, expected recovery in lithium demand in 3-6 months per SQM, against a backdrop of continuing ramp up in EV demand globally, Malaysia news, Kal pending news, Texas bought and paid for by US government and that’s before possible Condisoil news Malaysia with growing world fertilizer shortage and robotics demand along worn off shore wind recovery. Lynas product price is bilateral agreement not necessarily reflected in the charts posted on this board but seemingly over influencing and short term in focus. Keep your eyes on the prize and do not be influenced by wankers that take the share price down 4.5% like today only to end up down 2.0%. They only want your shares before pending recovery in price. With lower US rates you get a rising tide to lift all boats world wide including demand and demand for NDPR.
    PS: forget the dividends, AL has a lot of wood to chop
 
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Last
$7.14
Change
-0.200(2.72%)
Mkt cap ! $6.673B
Open High Low Value Volume
$7.34 $7.34 $7.13 $39.28M 5.467M

Buyers (Bids)

No. Vol. Price($)
1 1546 $7.13
 

Sellers (Offers)

Price($) Vol. No.
$7.15 72361 6
View Market Depth
Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
LYC (ASX) Chart
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