With all the controversy going on around Lynas, could the share price not simply be a reflection on the rare earth market as a whole?
MM run an index for rare earths which shows ~60% drop YOY
http://agmetalminer.com/monthly-mmi-report-february-2013/
LYC are tracking this closely down from $1.20 a year ago to 60c now or 50%
Perhaps this is the real reason we aren’t seeing an up trend despite a number of positive anns
lyc price and rare earth index
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Last
$6.40 |
Change
0.000(0.00%) |
Mkt cap ! $5.982B | |||
| Open | High | Low | Value | Volume |
| $6.47 | $6.48 | $6.34 | $20.28M | 3.161M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12848 | $6.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.40 | 17965 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |