LYC (ASX) Today's chart &amp; trading

LYC

Click for more information

0.29%

$6.76 lynas rare earths limited

First 1848 Last

Share
Profile

Follow
madlymax

127 Posts.

09/03/19

10:42

Post #: 37706822
Share

Originally posted by inge281242: ↑

https://www.smartkarma.com/home/daily-briefs/australia/brief-australia-lynas-between-a-hard-place-and-just-rock-and-more/
On further reading I would like to comment on this sentence in the article:
"Arguably the radiation of this waste is low – and further backed up in this IAEA report (page 20) – but the reality is, if so low, why not process in Australia in the first place?"
There were many reasons:
In Malaysia water is plentiful although there were problems with supply last year.
Labour is cheaper in Malaysia and Lynas was able to pay employees at the LAMP a very good salary.
Electricity is cheaper in Malaysia.
Lynas' customer base is closer to Malaysia.
In my research of Lynas history I have never read anywhere that Australia has refused Lynas on the grounds of the radioactivity of materials.
Thank you again Goldrain for your contribution.

Expand

Originally posted by inge281242: ↑

https://www.smartkarma.com/home/daily-briefs/australia/brief-australia-lynas-between-a-hard-place-and-just-rock-and-more/
On further reading I would like to comment on this sentence in the article:
"Arguably the radiation of this waste is low – and further backed up in this IAEA report (page 20) – but the reality is, if so low, why not process in Australia in the first place?"
There were many reasons:
In Malaysia water is plentiful although there were problems with supply last year.
Labour is cheaper in Malaysia and Lynas was able to pay employees at the LAMP a very good salary.
Electricity is cheaper in Malaysia.
Lynas' customer base is closer to Malaysia.
In my research of Lynas history I have never read anywhere that Australia has refused Lynas on the grounds of the radioactivity of materials.
Thank you again Goldrain for your contribution.

Expand

LYC Price at posting: $1.64 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

NIS

Aurum Resources bumps Boundiali gold project tenement stake to 80%

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

There are more pages in this discussion • 40 more messages in this thread...

First 1848 Last

Add LYC (ASX) to my watchlist

(20min delay)
Last $6.76		Change -0.020(0.29%)		Mkt cap ! $6.552B

Open	High	Low	Value	Volume
$6.81	$6.82	$6.74	$5.254M	760.5K

Buyers (Bids)

No.	Vol.	Price($)
19	40285	$6.75

Sellers (Offers)

Price($)	Vol.	No.
$6.76	2413	9

View Market Depth

No.	Vol.	Price($)
8	199853	2.100
10	344199	2.090
12	173545	2.080
8	132357	2.070
5	29042	2.060

Price($)	Vol.	No.
2.110	132652	8
2.120	195216	18
2.130	132928	9
2.140	133591	12
2.150	426925	28

Last trade - 12.19pm 29/11/2024 (20 minute delay)

LYC (ASX) Chart

Top Stories

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Aurum Resources bumps Boundiali gold project tenement stake to 80%

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Buyers (Bids)

Sellers (Offers)