Times are different for LYC. US defence is involved in promoting reliable alternative supplier for its rare earth needs. So is Japan for various industries.Due to Russian invasion of Ukraine all most all countries got a wake up call about country defences and more and more countries are allocation extraordinary amount of funds for defence. This in turn will create enormous investors interest in this space. Lots of new jobs will be created either directly or indirectly.
That is what I think so . Yes recession May effect other industries. Investor will be switching their preferences to defence related Industries . LYC is well placed to take this opportunity and create more jobs and wealth.
is a correction coming?, page-15
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Last
$7.89 |
Change
-0.130(1.62%) |
Mkt cap ! $7.374B | |||
| Open | High | Low | Value | Volume |
| $7.97 | $8.02 | $7.86 | $27.21M | 3.442M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12329 | $7.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.90 | 8744 | 2 |
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| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |