Molycorp 2.0. Lynas will eventually have the opportunity, again, to pick up the assets for cheap. IMHO
The decrease in NdPr pricing to levels not observed since November 2020 has led MP Materials to decelerate the ramp-up of its Stage II project, which focuses on NdPr oxide production, due to high initial production costs.The firm also noted that while MP Materials' Stage III project, involving NdPr magnets, may begin contributing to EBITDA later in the year through initial alloy production, substantial magnet production is still considered a long-term possibility. Furthermore, the shift in the automotive industry towards plug-in hybrid electric vehicles (PHEVs) over battery electric vehicles (BEVs), coupled with the expected lack of recovery in legacy NdPr demand in China, prompted the revision of the stock's outlook.
https://au.investing.com/news/company-news/jpmorgan-downgrades-mp-materials-stock-on-ndpr-pricing-concerns-93CH-3212447
Molycorp 2.0. Lynas will eventually have the opportunity, again,...
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Last
$6.61 |
Change
-0.040(0.60%) |
Mkt cap ! $6.183B | |||
| Open | High | Low | Value | Volume |
| $6.62 | $6.65 | $6.58 | $4.166M | 629.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 9154 | $6.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.62 | 9643 | 26 |
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| Last trade - 13.57pm 08/05/2024 (20 minute delay) ? |
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Last
$6.63 |
Change
-0.040 ( 0.08 %) |
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| Open | High | Low | Volume | ||
| $6.61 | $6.65 | $6.58 | 302868 | ||
| Last updated 14.18pm 08/05/2024 ? | |||||
| LYC (ASX) Chart |