Great quarterly report out today from Lynas (LYC). They note that both Toyota and Honda have opted for NiMH batteries in their future electric/hybrid car production, as opposed to Lithium ion batteries. This is a huge boost for rare earth producer LYC. Will also be a solid boost to all Ni producers.
Each new car will contain 16-20kg of rare earth metals!!!
In addition the price of REO has increased by about 15% and chinese restrictions on exports are reducing availability.
The LYC projects in both Aus and malaysia are on budget and schedule. I remain confident future earnings starting October 2009 will be substantial. Company has enough cash to fund projects through to first sales.
Rate LYC a very good buy at current prices and continue to top on the SP dips.
hybrid cars need 20kg rare earth material
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Last
$6.56 |
Change
0.090(1.39%) |
Mkt cap ! $6.131B | |||
| Open | High | Low | Value | Volume |
| $6.53 | $6.58 | $6.51 | $14.95M | 2.285M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 1500 | $6.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $6.56 | 6919 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$6.55 |
Change
0.090 ( 1.39 %) |
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| Open | High | Low | Volume | ||
| $6.53 | $6.58 | $6.51 | 732559 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| LYC (ASX) Chart |