Its a question of perspective if the prices really did fall.
If you look from the high in 2011, surely the prices did fall heavyly. But look back to april 2009 prices did rise till now. Surely the price spike in 2011 was overhyped. I belive prices are now at a level from wich they wont fall further. some will rise some will stay where they are.
In my opinion the main price problem still comes from smuggeling. Smuggeling has the amount of the regulary export qoutas and therefor doubles available chinese REOs outside china.
Lynas is in a very good position with CLD. With duncan lynas is the hero of REOs because of the high heavy reo amount.
When lynas gets oxides from duncan some time, developed with money from CLD, lynas will be worth 15 - 20 Mrd. dollar.
Its a question of perspective if the prices really did fall.If...
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Last
$8.34 |
Change
-0.050(0.60%) |
Mkt cap ! $7.801B | |||
| Open | High | Low | Value | Volume |
| $8.28 | $8.38 | $8.22 | $35.57M | 4.272M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 61 | $8.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.35 | 38828 | 3 |
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| Last trade - 16.17pm 02/07/2025 (20 minute delay) ? |
| LYC (ASX) Chart |