The Chinese closed several plants in 2012 thinking it would be a inner rubber to bounce REE prices back up, guess what?
Prices have dropped ever since.
Don't be fooled by the marketing dribble being dangled by all and sundry, ie: Chinese, Sojitz, Lynas or even the lost sheep on here.
Fact is Lyans capex can't cope with the current prices, with high capex, low demand, low to no margin = disaster.
Next they will laying off staff.
Then again they could lease out half the plant, the phase 2 that wont be touched this decade.
sojitz, page-2
-
- 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)
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.92 |
Change
-0.020(0.29%) |
Mkt cap ! $6.468B | |||
| Open | High | Low | Value | Volume |
| $6.95 | $6.97 | $6.87 | $16.72M | 2.418M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5820 | $6.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.93 | 15020 | 3 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |