With Regards to lynas. The price action looks related to the trade war. In fact it's proven and undeniable now. So if your short-term the real influencer right now is the trade war.
Some thought
1) China product will arrive in us next week and will get tarriffied. The market felt a deal would be struck before but it's clear that won't happen
2) us product will get tarried June 1st
3) it's all a game of hard ball right now and trump is yet to play the next round. I expect some deranged tweet threat to come
4) g20 is June 20th, this would be next easing of pressure unless they meet before (which I don't think they will given both sides are playing aggressor right now)
Lynas is on the right of this sentiment so if your playing short term, it's keep the trade open with a stop loss.
If your playing long term like I am, it's who cares.. This will only serve to put a premium and rexognision of the strength of lyc product. Besides lyc is already lowest cost producer now so risk return very good.
Any viable move in ree prices will sky rocket this.
Finally it's a great hedge against declining markets right now.
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Last
$7.04 |
Change
0.280(4.14%) |
Mkt cap ! $6.580B |
Open | High | Low | Value | Volume |
$6.66 | $7.07 | $6.66 | $29.97M | 4.291M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 35 | $7.03 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.05 | 6000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 35 | 7.030 |
3 | 26836 | 7.010 |
4 | 15913 | 7.000 |
1 | 6616 | 6.990 |
1 | 8829 | 6.980 |
Price($) | Vol. | No. |
---|---|---|
7.050 | 6000 | 1 |
7.060 | 19004 | 1 |
7.070 | 10354 | 4 |
7.080 | 30616 | 7 |
7.090 | 19829 | 4 |
Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
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LYC (ASX) Chart |