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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$7.06 |
Change
0.040(0.57%) |
Mkt cap ! $6.599B |
Open | High | Low | Value | Volume |
$7.00 | $7.12 | $6.92 | $27.09M | 3.845M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 75156 | $7.05 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.08 | 480 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1200 | 7.000 |
2 | 1422 | 6.980 |
1 | 160 | 6.970 |
1 | 300 | 6.930 |
1 | 29 | 6.920 |
Price($) | Vol. | No. |
---|---|---|
7.080 | 480 | 1 |
7.090 | 5000 | 1 |
7.120 | 26300 | 4 |
7.130 | 6291 | 4 |
7.140 | 9857 | 4 |
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