LYC 3.39% $7.02 lynas rare earths limited

Tesla is going (back) to EV motors with no rare earth elements.

  1. 685 Posts.
    lightbulb Created with Sketch. 245
    Tesla is going (back) to EV motors with no rare earth elements.

    Tesla stated today that, between 2017 and 2022, it managed to reduce rare earth usage in these new Model 3 drive units by 25% as it increased the efficiency of the drivetrain.But now it looks like Tesla is trying to get the best of both worlds: a permanent magnet motor, but without rare earth elements.

    https://electrek.co/2023/03/01/tesla-is-going-back-to-ev-motors-with-no-rare-earth-elements/

    I am looking for rare earth opportunities. But a permanent magnet motor without rare earth looks a bad news, will it come true?
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
Last
$7.02
Change
0.230(3.39%)
Mkt cap ! $6.430B
Open High Low Value Volume
$6.74 $7.05 $6.72 $12.76M 1.849M

Buyers (Bids)

No. Vol. Price($)
18 10035 $7.01
 

Sellers (Offers)

Price($) Vol. No.
$7.02 2474 3
View Market Depth
Last trade - 12.40pm 28/08/2024 (20 minute delay) ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.