Hi ausheds,
Looking at the following REE supply / demand chart, you can see world consumption is going up by ~20ktpa, so providing Molycorp doesn't come online for a while, I'd expect the extra supply provided by Lynas will not impact the basket price. However, once Molycorp is online, I think the CeO and LaO contributions to the basket price will be minimal as they'll be in oversupply and a $40 basket price is definitely on the cards:
http://www.gwmg.ca/html/about_rare_earth_elements/key_stistics/index.cfm
However, I think what's really going to save Lynas is the Duncan deposit with all its HREE which won't go into oversupply for the foreseeable future:
http://www.mining.com/2012/06/19/the-only-five-rare-earth-elements-that-matter-jack-lifton/
- Forums
- ASX - By Stock
- short interest peer perspective
Hi ausheds, Looking at the following REE supply / demand chart,...
-
- There are more pages in this discussion • 3 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 LYC (ASX) to my watchlist
(20min delay)
|
|||||
Last
$6.11 |
Change
-0.180(2.86%) |
Mkt cap ! $5.711B |
Open | High | Low | Value | Volume |
$6.12 | $6.15 | $6.07 | $17.65M | 2.889M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 26354 | $6.10 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.15 | 3758 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10596 | 6.100 |
2 | 329 | 6.090 |
3 | 1300 | 6.080 |
6 | 28264 | 6.070 |
2 | 166 | 6.060 |
Price($) | Vol. | No. |
---|---|---|
6.210 | 710 | 1 |
6.230 | 5000 | 1 |
6.280 | 4100 | 1 |
6.290 | 158 | 1 |
6.300 | 5200 | 1 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |