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.
The Chinese closed several plants in 2012 thinking it would be a...
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Last
$7.89 |
Change
-0.200(2.47%) |
Mkt cap ! $7.477B | |||
| Open | High | Low | Value | Volume |
| $8.03 | $8.03 | $7.84 | $5.430M | 685.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 8430 | $7.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.89 | 2039 | 3 |
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| Last trade - 12.32pm 11/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |