over 94% down in 3 years, page-32

21108683

I think you need to revisit your strategy.

Ree prices were a bubble been discussed to hell. with the huge prices suddenly companies started using less ree and recycling. We all hoped it was true, the WTO was still chasing china to have a larger export quota. There was always another big announcement or derisking coming in the next few months, china would soon be a ree importer.

But demand stopped. China doesnt even sell it current quota, there is no market for it. There is no demand, the playing field changed and we didnt change with it.

Now with LYC in production selling 750 tons a month it will only break even. The only thing that can save lyc is an increase in ree price. But as you stated in another thread china is pumping out tablets and computers. But they still have excess ree to sell that no one wants... not even the wto???

LYC even tried to force prices to be higher a few months back, to put a cap on a sstainable price... yet it still fell.

LYC is not a good investment atm IMHO.