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.
Why would anyone be surprised that the Chinese would remove...
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Last
$7.14 |
Change
-0.200(2.72%) |
Mkt cap ! $6.673B | |||
| Open | High | Low | Value | Volume |
| $7.34 | $7.34 | $7.13 | $39.28M | 5.467M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1546 | $7.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.15 | 72361 | 6 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |