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$7.04 lynas rare earths limited

News: LYC Rising demand for responsible rare earths is not lifting prices, says Lynas, page-9

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ttroy

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21/06/24

09:02

Post #: 74418400
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Originally posted by Birchcorp: ↑

I disagree, what Amanda is saying is this Chinese system is foul play.

Of course this is accurate account, but irrelevant, that is why the entire western market is about to decouple. If it was fair, then the western governments would not introduce tariffs, mandates and subsidies. Amanda would know that the western market side will be ready to cash in on the western supply deficit. That’s the inevitable piece.

We all know that China manipulate the price. So it’s obvious the increase in demand has not translated to price. It’s what you do about the supply shortfall in the western market that’s important.

The eastern supply market and price is no longer relevant.
ie it’s no sense in looking at the Chinese spot price, when you are about to completely decouple.

The market is, and will always be forward looking.

What Amanda is saying, is soon we will not refer to this manipulated market. Its cheating.

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Come back when you have evidence of the price decoupling at levels you are suggesting. Otherwise it’s just wishful thinking.

LYC Price at posting: $6.05 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $7.04		Change 0.000(0.00%)		Mkt cap ! $6.580B

Open	High	Low	Value	Volume
$7.12	$7.27	$7.04	$30.56M	4.289M

Buyers (Bids)

No.	Vol.	Price($)
1	35	$7.03

Sellers (Offers)

Price($)	Vol.	No.
$7.06	5575	1

View Market Depth

No.	Vol.	Price($)
1	35	7.030
3	27854	7.020
4	21759	7.010
2	11978	7.000
1	11836	6.990

Price($)	Vol.	No.
7.060	5575	1
7.100	11836	1
7.110	12811	2
7.120	12186	2
7.130	11836	1

Last trade - 16.10pm 10/09/2024 (20 minute delay)

LYC (ASX) Chart