Pretty much world growth is forecast at 2.3 to 2.6pc on AVERAGE of the OECD economies said to just avoid many countries going into recession. Whilst the US is projected to stagnate in 2024. I'm thinking this will stymie RE demand and Lynas will bounce around next year as has in 2023. Lynas is doing all the right moves but a strong buy at this point in time is fiddlesticks IMO. Lynas is unloved and Qokas points IMO are spot on. When the market gets a nip in the bud we get hit 2 to 3 times worse percentage wise. Hopefully Kal , Mt Weld and Malaysian goings on settle and the SP gets less erratic. We will know that when State Street leaves us alone. NDPR pricing is following the downturn and it will follow the upturn. I don't want to get into professor talk on Lynas and alternate markets, past graphs, but Qoka has summed it up in a nutshell. Summizing and assuming what can happen in the future is only crystal balling. And Lynas will need to work harder to shake the unloved sentiment of the market. Remember though, Lynas is a world leader and is at the forefront with its processing capacities.
LYC Price at posting:
$6.80 Sentiment: Hold Disclosure: Held
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