their largest mine in Batou doesnt have major enviromental issues They have capacity to produce what they like
the mines in the south that do have enviromental problems are being closed
but there is still significant volumes coming from these areas
there is a discrepancy with what the government put as quotas and what is actually mined, they turn a blind eye to this
never the less dont under estimate Chineses output they have released their policies in this regard and they will be the ones who control pricing.
It is true that they are saying that they will continue to restrict production but the reality is that they will keep pace with demand on their terms it is in their interest to do so, the price of rare earths will tell you this.
i will be suprised if the price od rare earths exceeds its highs of earlier this year.i think it we will see some stability in pricing now between in lynas,s case somewhere between $11 and $16 per kilo US
i hope i am wrong and the price continues to sail north as it has over the past few years .
Lynas will have the option to increase volumes beyond their current capacity if demand dictates with further upgrades in Malaysia . that will be where Lynas may increase profitability.
- Forums
- ASX - By Stock
- LYC
- hammering
hammering, page-9
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LYC (ASX) to my watchlist
(20min delay)
|
|||||
Last
$6.17 |
Change
0.010(0.16%) |
Mkt cap ! $5.767B |
Open | High | Low | Value | Volume |
$6.18 | $6.22 | $6.14 | $10.91M | 1.767M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 12550 | $6.16 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.18 | 124 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 12550 | 6.160 |
8 | 33337 | 6.150 |
2 | 30755 | 6.140 |
2 | 18811 | 6.130 |
1 | 34 | 6.100 |
Price($) | Vol. | No. |
---|---|---|
6.180 | 124 | 1 |
6.190 | 6260 | 1 |
6.200 | 30291 | 7 |
6.210 | 38940 | 4 |
6.220 | 17739 | 2 |
Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online