the laws of supply and demand apply in free market economies
in the world of REE it is anything but a free market - the Chinese still produce around 97% of all HREEs, and as a result set the prices not only for the HREE but also for the LREE, in effect both Molycorp and Lynas are price takers - because China is the dominant producer it sets the price of what they produce
anyone that thinks Lynas and Molycorp can survive where their major competitor sets the prices for what they produce had better review the sea of red ink in their trading results thus far
any Alkane investor expecting China to do them any favors had better think again - just look what the Chinese have done to Molycorp and Lynas ..... simply by setting the prices of what they produce
we are told by Jack Lifton that the day has arrived when Rest of World users of rare earth elements - especially the critical rate earths realize they can no longer rely on China as their sole supplier. Jack tells us that global 1000 companies - the biggest companies in the world (I guess he is referring to likes of Siemens, Hitachi and Sumitomo etc.) are now investing in junior mining ventures in an effort to bring on non-Chinese suppliers of critical rare earth elements
it will be interesting to see how it all plays out, because you can bet those same global 1000 companies will not want to pay any more than the prices China sets - if this eventuates it means only the best of the best projects will survive - and I think that excludes Lynas and also Alkane with it's $1 billion dollar capital expenditure requirement
- Forums
- ASX - By Stock
- ALK
- Pump n Dump
Pump n Dump, page-6
-
-
- There are more pages in this discussion • 39 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ALK (ASX) to my watchlist
(20min delay)
|
|||||
Last
54.5¢ |
Change
0.005(0.93%) |
Mkt cap ! $329.4M |
Open | High | Low | Value | Volume |
55.0¢ | 55.5¢ | 53.5¢ | $1.028M | 1.885M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2299 | 54.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
55.0¢ | 86424 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1851 | 0.540 |
3 | 7605 | 0.530 |
5 | 41750 | 0.520 |
1 | 19568 | 0.510 |
5 | 110000 | 0.500 |
Price($) | Vol. | No. |
---|---|---|
0.550 | 71424 | 5 |
0.555 | 9400 | 2 |
0.560 | 26914 | 4 |
0.565 | 100535 | 5 |
0.570 | 117000 | 3 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
Featured News
ALK (ASX) Chart |