IMO the current low NdPrO price is unsustainable.
We've all seen the reports; Lynas is making a modest profit, Northern's profit has fallen by 95% and all the other Chinese manufacturers are losing money big time.
If the Chinese Govt artificially prop up the loss makers you can be sure it'll be met in the West by further tariffs and subsidies for ex-China production.
In that context I don't much care what the Chinese spot price is so long as Lynas gets to sell their product at a good price.
IMO the current low NdPrO price is unsustainable.We've all seen...
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Last
$7.30 |
Change
-0.040(0.54%) |
Mkt cap ! $6.860B | |||
| Open | High | Low | Value | Volume |
| $7.34 | $7.34 | $7.26 | $2.840M | 388.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 694 | $7.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.31 | 5249 | 13 |
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| Last trade - 10.19am 15/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |