'When price becomes too low, producers opt out, supply/availability tightens and demand picks up, leading to higher prices. Based on very basic economic concepts I would think.'
This is fair and reasonable. So if Chinese government supports their REE industry (a given maybe) then it will fall to ROW producers to reduce or stop producing REE. Moly has the advantage of Chapter 11 protection in the US and can probably limp along for another 12/24 months. Probably leaves LYC in prime position unless SH stump up another $30/40M.
The higher price thingy will not be in time to save LYC, IMO.
'When price becomes too low, producers opt out,...
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Last
$6.09 |
Change
-0.130(2.09%) |
Mkt cap ! $5.692B | |||
| Open | High | Low | Value | Volume |
| $6.12 | $6.21 | $6.09 | $15.72M | 2.568M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 52453 | $6.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.11 | 8000 | 1 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |