Very interesting you cut chart off right above NdPrO which is the most important RE to Lynas. Probably just an error because it did go up 2 RMB /KG WV. 471 RMB Not nearly enough to return Lynas to positive cash flow or reasonable PE to support current SP.
If you pay attention prices on Monday and Tuesday have been going up for last 5 weeks. Then down on Thursday and Friday Total gain over that time was 447 to 471 or 9%, All the up rampers are very happy and post at beginning of week then totally silent at end of week.
I find it very interesting that in June when Li prices were going up every one liked to point out that this indicated the recovery was wide spread. Now that Li is falling faster than NdPr Not a single word on Li The inconsistency of up rampers is very obvious. I post REE prices every week no mater what is happening. Take a look at these charts and decide if there is any good news in REE pricing. still looking like a tight trading range to me 450 RMB to %50 RMB for NdPrO.
LYC Price at posting:
$6.91 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)