Why would anyone be surprised that the Chinese would remove export quotas - I am sure LYC would factored in that issue before they even started ?
My opinion has always been that the real driver for LYC is consumers of REEs who do not like the Chinese system & cannot complain for fear of endangering their supply. In addition they do not want to be forced to operate in China.
I suspect these consumers will quietly transition sourcing over time as LYC production becomes available and like all consumers will not put all their 'eggs' in one basket of supply.
As a LT holder who cannot monitor daily trading my shares are in the bottom draw and have no fear this will not become a blue chip investment in the coming years as technology & demand explodes further. I just wish I had more cash available to buy more LYC shares.
lynas announcements? overdue?, page-25
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Last
$7.75 |
Change
0.030(0.39%) |
Mkt cap ! $7.244B | |||
| Open | High | Low | Value | Volume |
| $7.71 | $7.81 | $7.63 | $12.03M | 1.561M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6556 | $7.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.77 | 3385 | 1 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |