Looks good in chart form too; NdPr-oxide up 16% from most recent late-July bottom.
Here's a 2-year Neodymium metal chart from the Trading Economics website to give some additional context:
I'm of the opinion that the current magmetals price rally has a way to go yet but past high volatility is likely to continue working against the hoped-for SP impact. I am hoping for an additional 20-40% increase in NdPr by EOY.
There are indications that China is trying to stabilize pricing (albeit at a lower price point than most ROW REE investors might like) and they have also pointed to a need for higher prices, not for purposes of helping Lynas but in part because they need to increase payments to the thugs they depend on in Myanmar to keep their Green Revolution going. Regardless CCP motivation, when REE prices stabilize and confidence returns, LYC will be a prime beneficiary.
Another opinion: Dysprosium will remain an uber-critical magmetal for their NdFeB juggernaut and the CCP will be forced to raise all REE prices to support sustainable DyTb-NdPr-FeB magnet production.
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Looks good in chart form too; NdPr-oxide up 16% from most recent...
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Last
$6.92 |
Change
-0.140(1.98%) |
Mkt cap ! $6.468B |
Open | High | Low | Value | Volume |
$6.94 | $6.97 | $6.84 | $15.53M | 2.248M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 13835 | $6.90 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.93 | 2500 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 13835 | 6.900 |
3 | 15610 | 6.890 |
5 | 33363 | 6.880 |
4 | 23308 | 6.870 |
3 | 16510 | 6.860 |
Price($) | Vol. | No. |
---|---|---|
6.930 | 2500 | 2 |
6.940 | 4182 | 4 |
6.950 | 19265 | 4 |
6.960 | 11510 | 2 |
6.970 | 43260 | 3 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
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