No yelling. My simple theory is supporting your beautiful chart. China controls 80 or 90 per cent of RE market share in the world. Chinese RE firms start cutting production and reducing supply to the market. Less supply and same demand on RE, the price will rebound. A simple economic theory about demand and supply. Based on current RE price, Chinese RE firms are losing money. They can not afford to keep losing money. By reducing supply to the market, the increase in RE price will boost Chinese RE firms' profitability. Although it will help Chinese firms, the increase RE price will benefit Lynas. Helping Chinese RE firms, indirectly helping Lynas.
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Last
$7.08 |
Change
0.085(1.22%) |
Mkt cap ! $6.514B |
Open | High | Low | Value | Volume |
$6.92 | $7.08 | $6.92 | $3.203M | 457.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
43 | 10960 | $7.07 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.08 | 5348 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
30 | 5837 | 7.050 |
27 | 11263 | 7.040 |
22 | 11318 | 7.030 |
14 | 20309 | 7.020 |
10 | 21846 | 7.010 |
Price($) | Vol. | No. |
---|---|---|
7.060 | 9657 | 24 |
7.070 | 17354 | 19 |
7.080 | 33090 | 19 |
7.090 | 21435 | 11 |
7.100 | 102634 | 14 |
Last trade - 13.34pm 13/01/2025 (20 minute delay) ? |
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