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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$6.56 |
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No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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4 | 16304 | 6.550 |
4 | 43930 | 6.540 |
2 | 22262 | 6.530 |
2 | 11800 | 6.510 |
3 | 5500 | 6.500 |
Price($) | Vol. | No. |
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6.570 | 24700 | 3 |
6.580 | 3050 | 1 |
6.590 | 1293 | 2 |
6.600 | 48350 | 17 |
6.610 | 12145 | 6 |
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