I agree, I think the weakness in the share price is down to 2 things: 1. uncertainty regarding the true future outlook for rare earths demand and pricing, and 2. the fact that Lynas was a $3.5bn company who is not even a producer.
Re 1, fundamental supply and demand factors demonstrate a strong need for ROW supply of rare earths. In the Annual Report, LYC recognises that efficiency improvements have cut the demand for certain rare earths globally. But replacing rare earths? I don't think so. As long as dependable and adequate supply is created, there will be continued uses for it and innovations based on it. This uncertainty regarding future demand is not a problem for a first-to-market company. Perhaps it might be an issue for the LREE competitors.
Re 2, once LAMP pre-op is granted, and feedstock starts going through and finished materials start coming out, there will be no more discount for being a non-producer. The full potential of this company should then be priced in.
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Last
$6.15 |
Change
0.100(1.65%) |
Mkt cap ! $5.748B |
Open | High | Low | Value | Volume |
$6.18 | $6.37 | $6.08 | $26.63M | 4.279M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 17840 | $6.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.17 | 8880 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7504 | 6.130 |
2 | 10084 | 6.070 |
3 | 7665 | 6.050 |
1 | 165 | 6.040 |
1 | 155 | 6.030 |
Price($) | Vol. | No. |
---|---|---|
6.170 | 8880 | 1 |
6.240 | 500 | 1 |
6.250 | 125 | 1 |
6.290 | 4000 | 1 |
6.300 | 24601 | 1 |
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