China is not going to dump massive amounts of re on the market. It is simply looking after the reserves it has, and applying it for the best result for China. I really dont think they give a rats about Japan or the rest of the world .
As for the current Rare Earth price spike who knows where it will finish but i think probably mid $30 that will do me
Lynas will be a low cost producer so it will always do ok .
The weekly updates on rare earth prices from metal pages are great for an indication of where the market is at , but for me its the time factor thats important here, as each week goes past we are closer to the finishing line whilst other are still prooving up resources and financing .
If LYC can somehow push stage 1 ot 2 earlier that will be the biggest driver for the stock price
lynas website release (just emailed to me), page-10
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Last
$6.66 |
Change
-0.050(0.75%) |
Mkt cap ! $6.225B | |||
| Open | High | Low | Value | Volume |
| $6.68 | $6.70 | $6.62 | $25.92M | 3.896M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 15574 | $6.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.67 | 53897 | 8 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
$6.65 |
Change
-0.050 ( 1.12 %) |
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| Open | High | Low | Volume | ||
| $6.69 | $6.69 | $6.62 | 679662 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| LYC (ASX) Chart |