LYC 0.87% $8.09 lynas rare earths limited

CCP REE mining quotas:2018 - 120,000 tons2019 - 132,000 tons...

  1. 6,339 Posts.
    lightbulb Created with Sketch. 1113
    CCP REE mining quotas:
    2018 - 120,000 tons
    2019 - 132,000 tons (10% increase)
    2020 - 140,000 tons (6% increase)
    2021 - 168,000 tons (20% increase)
    2022 - 210,000 tons (25% increase)
    2023 - 255,000 tons (21% increase)
    2024 - 270,000 tons (6% increase)

    Absolute nonsense for ausheds to suggest the Chinese finally want to improve market balance when all they want is to improve prices for themselves.

    A smaller increase in mining quotas is what you are both calling proof? Silly buggers. They got 90% of the market. Only you and ausheds think the data shows "the Chinese seem to want market balance improved".

    You've quite clearly pointed out who has straw for brains. If the clearly clueless ausheds wants to tangle with me again, and puh-leeze there's no other reason for him to respond to me as he did, please just let him go, why you think you need to race to his defense and throw yourself in front of him? You are only amplifying the noise, just as CJ does.

    And let us not forget: In December 2023, just nine months ago, the CP added a third quota for first time. They added another 15,000 tons to the 2023 REE mining quota. Before that the 2023 YOY gain would have been just 14%; the added quota pushed it to 255,000 tons for a 21% increase. It is only the beginning of September. Are you sure they won't issue a third quota again? No, you have no clue. Would you like to tell us what you would say if they did? Please do; that might not be noise.

    Every year they are mining more REEs than ever and it looks to many like they are accelerating their REE plans. There is not one iota of evidence for ausheds' clearly ignorant assertion that the Chinese want the market balance to improve.
    Last edited by Chemist1959: 01/09/24
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
Last
$8.09
Change
0.070(0.87%)
Mkt cap ! $7.561B
Open High Low Value Volume
$8.15 $8.27 $8.08 $35.31M 4.353M

Buyers (Bids)

No. Vol. Price($)
2 7192 $8.08
 

Sellers (Offers)

Price($) Vol. No.
$8.10 4833 2
View Market Depth
Last trade - 16.10pm 08/11/2024 (20 minute delay) ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.