You can find the answer of today's sudden LYC sp rise after reading these two articles:
http://investorintel.com/rare-earth-intel/chinas-rare-earth-exports-tumble-january/
"Global demand for Neodymium-Iron-Boron magnets is expected to increase significantly, led by strong demand in China. China is positioned as a particularly important market not only in terms of the level of growth in that country, but also in terms of raw material procurement. To realize medium-to-long term growth in its Neodymium-Iron-Boron magnet business, Hitachi Metals believes it is necessary to increase sales in China, along with the rest of the global market"
http://finance.yahoo.com/news/news-rare-earth-production-rises-122136973.html
Chinese REE demand UP -> Chinese REE export DOWN -> ROW REE demand UP -> ROW REE prices UP
-> ROW REE production UP -> LYC REE sales .....
You can find the answer of today's sudden LYC sp rise after...
-
- There are more pages in this discussion • 22 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
$5.98 |
Change
-0.090(1.48%) |
Mkt cap ! $5.589B | |||
| Open | High | Low | Value | Volume |
| $6.06 | $6.11 | $5.98 | $17.19M | 2.859M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 79108 | $5.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.02 | 17678 | 2 |
View Market Depth
| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| LYC (ASX) Chart |