That’s a nice sentiment, but the ENTIRE global REE industry is only $10 billion.
Let that sink in.
So it’s aggravating that government and business leaders wring their hands and furrow their brows for years and years warning that China has a monopoly on critical minerals. As we all know, this is not because China has all of the resources, it’s because China undersold everyone. This problem is easily solved with a little cash, and the US is finally stepping up
The only way Lynas’ share price hits $20 is for the REE price to go up significantly. Two possible scenarios -> China reduces or ends REE exports to the US AND/OR REE demand ~doubles, as predicted by forecasters to happen in 2025-2030.
In the mean time, expect a grueling fight to $3. The day Lynas starts operations at either of the new plants will be worth a buck or two as well.
FVAC versus LYC, page-13
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Last
$6.67 |
Change
-0.240(3.47%) |
Mkt cap ! $6.234B | |||
| Open | High | Low | Value | Volume |
| $6.74 | $6.77 | $6.62 | $47.96M | 7.165M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 97163 | $6.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.67 | 21971 | 4 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$6.65 |
Change
-0.240 ( 3.73 %) |
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| Open | High | Low | Volume | ||
| $6.73 | $6.76 | $6.62 | 951065 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| LYC (ASX) Chart |