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...
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Last
$6.86 |
Change
0.200(3.00%) |
Mkt cap ! $6.412B | |||
| Open | High | Low | Value | Volume |
| $6.72 | $6.90 | $6.72 | $35.19M | 5.141M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1605 | $6.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.86 | 65562 | 5 |
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| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$6.86 |
Change
0.200 ( 3.28 %) |
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| Open | High | Low | Volume | ||
| $6.72 | $6.90 | $6.72 | 1399403 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| LYC (ASX) Chart |