Investors rethink stock bets ahead of sweeping new carbon laws! No one knows how high or how quickly the price of carbon will go but Invesco Ltd. now tests portfolios under a range from less than $10 per ton to more than $100 per ton. Current rate is approximately $30 per ton. The carbon border adjustment mechanism aka CBAM is expected to promote convergence of carbon prices to EU level and phase in until 2026. As carbon taxes and policies take off in Asia there is material risk for investors according to Invesco. This is another catalyst for Lynas stock price and a transition that is growing in our favor.
LYC Price at posting:
$6.51 Sentiment: Buy Disclosure: Held
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