While a sudden downturn in RE oxides is a concern but because Lynas uses a 90 day average for its RE pricing, margins should still remain very healthy until EOFY, regardless. I guess your decision to hold or sell depends on whether you are an LT or ST investor. I would expect the RE oxide prices will settle at a support level, it is just a matter of speculation as to where that level is.
DYOR
NdPR price, page-12
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Last
$7.01 |
Change
0.215(3.17%) |
Mkt cap ! $6.430B | |||
| Open | High | Low | Value | Volume |
| $6.74 | $7.05 | $6.72 | $12.88M | 1.866M |
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| No. | Vol. | Price($) |
|---|---|---|
| 19 | 9713 | $7.00 |
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| Price($) | Vol. | No. |
|---|---|---|
| $7.01 | 2212 | 4 |
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| Last trade - 12.42pm 28/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |