Bell Potter Latest Analysis
Lynas Rare Earths (LYC)
LYC is an Australian based rare earths
mining and processing business.
At the beginning of year rare earth
prices, particularly Neodymium (Nd)
and Praseodymium (Pr), weakened as
the sector worked through increased
supply from China and slower than
anticipated electric vehicle demand.
We have since seen a normalisation in
pricing back towards US$70/kg. LYC is
the highest quality source of ex-China
rare earth supply, with a trajectory
towards doubling capacity over the
next three years via the expansion
of their mining and concentrating
capacity at Mt Weld.
Buy, Price Target $8.80
Bell Potter Latest Analysis Lynas Rare Earths (LYC)LYC is an...
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Last
$6.07 |
Change
0.020(0.33%) |
Mkt cap ! $5.673B | |||
| Open | High | Low | Value | Volume |
| $6.08 | $6.09 | $6.02 | $35.62M | 5.828M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 298927 | $6.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.07 | 30108 | 3 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| LYC (ASX) Chart |