Ouch that hurts. Rest n easy exercises and soon you will be strong again.
LYC - Lynas Rare Earths
- Thread starter nioka
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Finally, completed the whole kitchen n 3 bathrooms renovation. Big Sigh of relief n enjoying living in it. Good backyard n front yard size so have been busy trying to create backyard veggie garden.
Just scary to look at the graph falling. Pot is empty now. If its 5, I will need to search under the mattress.
Same goes for PLS??, may have to overturn the mattress.
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Hmmm the current dip could be aligned with the super pit in Kal. The further you look down the deeper it gets.
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rcw "shoulder" on Are you in the pool exercising that shoulder?
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Rabbito just undo the mattress zip and all that hiden lolly you squirred there away will tumble out.
yep ... slow breast stroke now. No freestyle yet... and some walk throughs in the water... Hot and humid enough for it, sure of that... Working pullies, and broom exercises... no strength yet just flexibility.
Sounds like LYC ha ha ha ha ha
Kind regards
rcw1
Disagree with your last line. In KAL, the deeper you dig the bigger wheelbarrow of gold to be found!?
Sean K
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What's going on here guys?
Malaysia?
Rare Earths going to be replaced by something else?
REE prices tumbling?
Overbought and correcting?
Hoping some long term support here might hold.
Malaysia?
Rare Earths going to be replaced by something else?
REE prices tumbling?
Overbought and correcting?
Hoping some long term support here might hold.
DrBourse
If you don't Ask, you don't Get.
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Hi Sean......Have a look at my post Nrs 1514 & 1516 page 76 both dated 13/2/22 in this forum......REE's were on the nose back then.....Looks like the perverbial has begun to hit the fan, so to speak.......Cheers..... DrB....
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DrBourse
If you don't Ask, you don't Get.
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Last researched LYC back on 13/9/22……My Buy Price WAS $6.50, their IV is $7.11 to $7.96……..
Anyone interested in LYC should read my posts in this forum on page 76, post Nrs 1514 & 1516 on 13/2/22 to understand what MAY be happening to LYC ATM…… AND ALSO suggest that REE Punters do a Google Search for "Alternatives to Rare Earth Elements", that search may explain the Troubles with REE Stocks.
LYC’s FA has not changed much since 13/9/22….. Their TA is following my calculations……LYC has a couple of Support Lines atm, and at least 5 Resistance lines above it’s current SP……
LYC has been trading in “Nose Bleed Territory” since late Dec 2022, Now it’s SP is back where it should be, closer to the range of $7.11 to $7.96….
IMO the current Downtrend that started on 5/4/22 should continue…..
As I mentioned in my 13/2/22 Posts…..B Careful with LYC……Wat too many UNKNOWNS IMO……
Cheers…..
DrB.
Anyone interested in LYC should read my posts in this forum on page 76, post Nrs 1514 & 1516 on 13/2/22 to understand what MAY be happening to LYC ATM…… AND ALSO suggest that REE Punters do a Google Search for "Alternatives to Rare Earth Elements", that search may explain the Troubles with REE Stocks.
LYC’s FA has not changed much since 13/9/22….. Their TA is following my calculations……LYC has a couple of Support Lines atm, and at least 5 Resistance lines above it’s current SP……
LYC has been trading in “Nose Bleed Territory” since late Dec 2022, Now it’s SP is back where it should be, closer to the range of $7.11 to $7.96….
IMO the current Downtrend that started on 5/4/22 should continue…..
As I mentioned in my 13/2/22 Posts…..B Careful with LYC……Wat too many UNKNOWNS IMO……
Cheers…..
DrB.
Sean K
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Do they say why? Just oversold maybe, looking better value?
Looks like this support might be holding.
DrBourse
If you don't Ask, you don't Get.
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I may as well throw my thoughts into the LYC discussion…..
IMO the $6.50 Long Term Support/ Resistance Line is currently (@ 2pm 3/4/23) a Continuation Benchmark Candle Formation RESISTANCE LINE @ $6.56 as the SP is now $6.51…..
My Current ST CCI is forming a Double Top (pages 20 & 109)….. and the MFI is in Oversold Territory (pages 36 to 43)……
The current LYC SP now has “Not Much ion the way of Support Lines” but it does have a minimum of 5 Resistance Lines Above it….
Not all that encouraging IMO…..
I would need to see 2 Green Candles Wholly above the $6.56 immediate Res Line B4 calling any sort of ST Uptrend….
So, IMO, Keep your powder Dry and wait for some TA Confirmation Signals…..and forget the Bell Potter "Smoke n Mirrors".....
DYOR..
DrB
Cheers....
IMO the $6.50 Long Term Support/ Resistance Line is currently (@ 2pm 3/4/23) a Continuation Benchmark Candle Formation RESISTANCE LINE @ $6.56 as the SP is now $6.51…..
My Current ST CCI is forming a Double Top (pages 20 & 109)….. and the MFI is in Oversold Territory (pages 36 to 43)……
The current LYC SP now has “Not Much ion the way of Support Lines” but it does have a minimum of 5 Resistance Lines Above it….
Not all that encouraging IMO…..
I would need to see 2 Green Candles Wholly above the $6.56 immediate Res Line B4 calling any sort of ST Uptrend….
So, IMO, Keep your powder Dry and wait for some TA Confirmation Signals…..and forget the Bell Potter "Smoke n Mirrors".....
DYOR..
DrB
Cheers....
Hello @Sean K,
Hoping find you well.
No M8 they didn't. Didn't really explore though. Couldn't care less what they say... truth be told.
Yes, reckon so. Deep reservations by shareholders re the Malaysian issue, also some expected anxiety about whether or not Kalgoorlie will come on line as anticipated - 30 June 2023, couple of assumptions, although rcw1 don't see it that way. She'll be right
? ...Check this out:
WA project updates - Lynas Rare Earths
lynasrareearths.com
Was waiting for the Kalgoorlie update... March 2023. Kept one and all in suspense
Looking pretty good it does, much much better than the December update.rcw1 picked up a taste on the rise today, see what it does then ... Kept purposely overnight ....
Looks like this support might be holding.
Yep, buttt not out of the woods yet.
Have a very nice night.
Holding
Kind regards
rcw1
Dona Ferentes
Abrió la caja, vio al gatito, y sonrió
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With REE stocks undergoing renewed interest, and offtake being signed, the spectre of previous REE rallies, in ARU, LYC, HAS, even ASM, from earlier decades looms large.
Find resource, prove up, raise capital, seek end users, develop processing pathway .... long, long lead times.
Since listing:
Find resource, prove up, raise capital, seek end users, develop processing pathway .... long, long lead times.
Since listing:
Good morning
The record came despite a general shutdown of the Lynas Malaysia plant for over 3 days to undertake tie-in works for the mixed rare earth carbonate (MREC) receival facility, which will receive and prepare feedstock from its Kalgoorlie facility in WA.
But a continued supplier shortage of hydrochloric acid forced postponement of separation of lanthanum-cerium (La-Ce), resulting in lower total Rare Earth Oxide production of 4348 tonnes for the quarter.
Total sales revenue came in at $237.1m, up on the December results of $217.5m, but a substantial decline on the $327.7m in the prior corresponding period.
Holding
Kind regards
rcw1
Lynas production hit by supplier shortage
Lynas Rare Earths' Malaysian plant delivered its best ever quarterly performance for neodymium and praseodymium (NdPr) production of 1725 tonnes in the March quarter, but supplier issues weighed on the final output.The record came despite a general shutdown of the Lynas Malaysia plant for over 3 days to undertake tie-in works for the mixed rare earth carbonate (MREC) receival facility, which will receive and prepare feedstock from its Kalgoorlie facility in WA.
But a continued supplier shortage of hydrochloric acid forced postponement of separation of lanthanum-cerium (La-Ce), resulting in lower total Rare Earth Oxide production of 4348 tonnes for the quarter.
Total sales revenue came in at $237.1m, up on the December results of $217.5m, but a substantial decline on the $327.7m in the prior corresponding period.
Holding
Kind regards
rcw1
JohnDe
La dolce vita
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Talk is ramping up, let's hope so is the action.
Time to challenge Chinese dominance in critical minerals race
As the fossil fuel era fades, critical minerals are set to become the new oil. If not yet ubiquitous, they are the sinews of the emerging green and hi-tech economies. Think wind turbines, batteries for the renewable sector, electric vehicles, smart phones and computer hard drives.
They are also crucial for defence because they “power the weapons that determine geopolitical primacy”, says security analyst Liam Gibson. Defence needs rare earths for a vast array of applications, including smart bombs, radar, communication systems and advanced fighter aircraft.
“Since critical minerals is not a level playing field, we should play to our strengths by building a trusted, secure and sustainable value chain”
This means that they are a strategic asset as well as an economic resource. Only a few minerals have played this role historically. Silver needed for coinage in ancient times and oil, which still lubricates the wheels of transport and industry, are among them.
The problem for the world is that China has cornered the market in critical minerals, especially the 17 rare earths that are processed into high-value tech metals. Many of these have esoteric Greek names and are not well known. They soon will be.
Neodymium is representative. It produces incredibly powerful magnets that drive motors and generators in everything from wind turbines to the magnetic resonance imaging systems that are used to scan our bodies. Virtually all current and planned hybrid and electric vehicles require neodymium or praseodymium magnets. In a strategic play with enormous consequences for the West, China saw early the importance of critical minerals and set out to capture the whole ecosystem for economic and geopolitical advantage. It has largely succeeded by picking winners, using cheap labour, subsidising local exporters and disregarding the environmental damage caused by unregulated processing. In a little more than a decade China’s price dominance buried competitors, transforming the country from a minnow to a critical mineral’s giant that now controls the value chain all the way from mining to processing and manufacturing.
A Fortescue Metals Group mining operation in the Pilbara region.
If this sounds familiar, it is. Under Xi Jinping, the party-state has adopted the same approach to gain market dominance in pharmaceuticals, manufacturing, renewables and battery technology. Market concentration is never a good thing, particularly if the main supplier is a state which practices coercion as a tool of statecraft. Vladimir Putin’s invasion of Ukraine exposed the folly of Europe’s reliance on Russia for gas. China weaponised rare earths against Japan in 2010 to force the resolution of a maritime dispute in its favour. Tokyo learned its lesson, reducing its dependence on Chinese rare earths from 90 to 60 per cent.
The good news is that Australia is well positioned to provide the critical minerals diversification that the world needs. That’s because we have a rich endowment of critical minerals; world class mining expertise; a rapidly developing renewable energy sector to power the processing plants that turn mined ore into usable powder; and high environmental, social and governance standards that are industry best practice.
These were among the key findings of the recently concluded inaugural Darwin Dialogue on critical minerals that attracted an unusually eclectic gathering of politicians, officials, diplomats, miners and experts from Australia, Japan, India, Europe and the US to the Northern Territory.
Convened by the Australian Strategic Policy Institute, there was broad consensus among its participants that China’s command of the critical mineral’s universe would not be diluted without friend-shoring, co-operation and strong government support.
“Pure market-oriented businesses” cannot compete with authoritarian states, says Gibson. Their companies don’t need to make a profit if the government wants control of an industry for geopolitical purposes.
Since critical minerals is not a level playing field, we should play to our strengths by building a trusted, secure and sustainable value chain in which our high ESG standards are a clear comparative advantage. But we are starting from a long way back. Our critical minerals industry is still in its infancy despite recent encouraging progress. Surprisingly, much of the continent remains geologically unexplored and commercially unexploited. We have only a handful of mines producing critical minerals, and only one company that can refine rare earths.
China spends vast sums on protecting its near monopoly, which includes research and development and an 80 per cent share of rare earths intellectual property, once owned by the West. Australia has less than 1 per cent. Meanwhile, the US, Japan and Europe are ramping up investment in critical minerals and associated technology. The Biden Administration committed more than half a trillion dollars to clean energy in November. Small Australian mining juniors struggle to obtain start-up capital and government financial support to fund the billion plus dollars required to establish rare earths processing facilities. The big miners, with deep pockets, have been notably absent from the tech metals sector.
Luke Smith, Australian Super, and John Hopkins, Export Finance Australia, speak at The Australian's Critical Minerals Summit at Barangaroo. John Feder/The Australian.
Our university system is failing to deliver the qualified metallurgists, mining engineers, industrial chemists and earth science graduates needed to establish a sector which should do more than dig up critical minerals for processing and value adding offshore. The number of earth science graduates has actually declined. And mining no longer seems to attract young people, its image tarnished by a green zeitgeist increasingly hostile to mining in all its forms even though the minerals sector produces 70 per cent of our export income.
Japan has shown the way forward by treating critical minerals as a strategic resource; encouraging exploration; and exhaustively surveying and identifying commercially exploitable ore bodies. Our national approach is too fragmented, lacks scale and needs to be elevated in the Albanese government’s policy priorities.
As the only significant democratic supplier of rare earths in a supply-constrained world, there is now a once-in-a generation opportunity to establish Australia as a critical minerals superpower. This would be a boon to the world and a virtuous convergence of our climate change, energy and national security interests.
ALAN DUPONT
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