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.
That’s a nice sentiment, but the ENTIRE global REE industry is...
-
- There are more pages in this discussion • 43 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.94 |
Change
0.070(1.02%) |
Mkt cap ! $6.486B | |||
| Open | High | Low | Value | Volume |
| $6.94 | $7.04 | $6.88 | $23.17M | 3.335M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | $6.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.97 | 13052 | 3 |
View Market Depth
| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |