Huge dump of MP Material SP overnight (18%). I am uncertain of the reason why. Could just be that the market at last realise that MP Materials were over priced and unlike Lynas they do not actually process Rare Earths. I am uncertain how that will flow into the market for LYC today. On the surface MP Materials and Lynas look like apples and apples but in fact are more like apples and pork chops. The Rare Earth price basket remains at 11 year highs. All fundamentals remain red hot for LYC. I expect day traders may have a field day today. Good time to increase holdings before next quarterly when SP I expect to accelerate.
NdPR price, page-34
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Last
$7.06 |
Change
0.040(0.57%) |
Mkt cap ! $6.599B | |||
| Open | High | Low | Value | Volume |
| $7.00 | $7.12 | $6.92 | $27.09M | 3.845M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 75156 | $7.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.08 | 480 | 1 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |