I expect the Green raw materials stocks to weather the storm better than most, and it will be a storm.
LYC and my other Australian miner, Allkem are in the unique positions of being the largest miners/converters of RE's and Lithium outside of China.
China is on edge and Xi is continuing to both crack down internally and continue his expansionist militarization. Bad for China's business with ROW.
Both of these companies are highly profitable and I would expect that to continue for some time. In recessionary markets the winners are few and far between, but both companies are highly cash flow positive with debt well under control. In these times, cash is king.
Technical, page-1217
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$5.86 |
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