LYC 1.54% $7.04 lynas rare earths limited

Australia declares 'there is no legal basis' to Beijing’s claims...

  1. 27,761 Posts.
    lightbulb Created with Sketch. 4772
    Australia declares 'there is no legal basis' to Beijing’s claims in South China Sea
    • Australia says China’s claims to disputed islands are ‘invalid’ and are not consistent with UN convention on law of the sea
    Australia has declared “there is no legal basis” to China’s territorial and maritime claims in the South China Sea, marking an escalation of recent tensions with Beijing and bringing Canberra further in line with Washington.
    The declaration, made in a submission to the United Nations on Thursday, comes after the United States hardened its position earlier this month,accusing Beijing of a “completely unlawful … campaign of bullying” to control the sea.
    Australia’s shift in position comes as Australia’s foreign affairs minister, Marise Payne, and the defence minister, Linda Reynolds, prepare to travel to Washington next week to meet with the US secretary of state, Mike Pompeo, and the secretary of defence, Mark Esper, for the 2020 Australia-United States Ministerial Consultations (Ausmin).
    The declaration to the UN said: “Australia rejects China’s claim to ‘historic rights’ or ‘maritime rights and interests’ as established in the ‘long course of historical practice’ in the South China Sea.”

    https://www.theguardian.com/austral...ims-in-south-china-sea?CMP=Share_iOSApp_Other


    my take is by the time Marise Payne and Linda Reynolds have finished, there should be no doubt in the US Administration, the US DoD or any Texan Senator’s minds that any Australian/Texan critical minerals supply chain solution is synonymous with a US critical minerals supply chain solution and an HRE contract with the US DoD will be as good as in the bag for the Lynas/Blue Line separation facility...
    by the way, shouldn’t LYC release an Ann acknowledging they’ve been informed the Phase 1 process is no longer on hold?
    Last edited by CEOChair: 25/07/20
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
Last
$7.04
Change
-0.110(1.54%)
Mkt cap ! $6.580B
Open High Low Value Volume
$7.14 $7.14 $6.93 $27.05M 3.859M

Buyers (Bids)

No. Vol. Price($)
1 153694 $7.03
 

Sellers (Offers)

Price($) Vol. No.
$7.04 51746 5
View Market Depth
Last trade - 16.10pm 19/11/2024 (20 minute delay) ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.