Yes it is up yesterday but for more excitting for all the REE stocks is what prices have done in a month. Here is 1/7 till today
This long term increase is far more important than any move in any day. Unfortunately 6% a month will take a long time to make a change to allow good profits for Lynas. Price needs to be over 750 RMB WV. Another positive is magnets have gone up across the board 6 RMB in the last couple of weeks a very positive indication. Depending on type the percentage varies, refrigerator magnets N35 are up 5% Magnets like 50EH used in high performance motors are up 1.5%.
The one down side is LI carbonate used in batteries is down and still going down. in last month it has dropped 15% This is a direct reflection on batteries which is a reflection on the auto and hand tool market. There are many uses for Perm magnets but auto and tools is one of the biggest. I cannot see a big recovery in REE prices till this market recovers. Posible but less than a 50% chance
LYC Price at posting:
$6.25 Sentiment: Sell Disclosure: Held
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