LYC 0.73% $5.45 lynas rare earths limited

Biden's 100 day review

  1. 18,929 Posts.
    lightbulb Created with Sketch. 4211
    America’s Supply Chains:

    https://www.whitehouse.gov/wp-content/uploads/2021/06/100-day-supply-chain-review-report.pdf

    Importantly:

    "Along with these efforts to bolster domestic supply chains, the Biden administration also laid out new steps to combat "unfair foreign trade practices," which it says have contributed to the erosion of supply chains around the world.

    One of these will be the creation of a "trade strike force" led by the U.S. Trade Representative's office (Katherine Tai). The strike force will aim to identify "unilateral and multilateral" enforcement actions the United States can take to punish countries that it believes are engaging in unfair trade practices. According to a senior administration official, the strike force will focus on developing U.S.-China trade policies."

    Chinese selective actions on VAT would certainly fit that description, particularly NdPr vs NdFeB:

    "The other enforcement-related action will be an evaluation, led by the Department of Commerce, of whether to initiate an investigation into neodymium magnets under Section 232 of the Trade Expansion Act.

    The rare earth magnets are used in motors and electronics by civilians and the military. If the investigation were to conclude that U.S. national security was threatened by foreign supplies of neodymium, it could open the door to import restrictions or tariffs."

    https://www.nbcconnecticut.com/news...to-strengthen-critical-supply-chains/2503733/

    Important base building to create a sustainable US magnet mkt, but can't come fast enough.
    Last edited by ausheds: 09/06/21
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
Last
$5.45
Change
-0.040(0.73%)
Mkt cap ! $4.910B
Open High Low Value Volume
$5.49 $5.55 $5.36 $22.32M 4.094M

Buyers (Bids)

No. Vol. Price($)
2 12147 $5.44
 

Sellers (Offers)

Price($) Vol. No.
$5.45 41336 3
View Market Depth
Last trade - 16.10pm 17/06/2021 (20 minute delay) ?
(live)
Last
$5.45
  Change
-0.040 ( 0.57 %)
Open High Low Volume
$5.48 $5.55 $5.36 841819
Last updated 15.59pm 17/06/2021 (live) ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.