LYC - LYNAS - rare earth anti chinese monopoly play
as the title says, china is once again applying restrictions like they did in 2010, low and behold we have the same price structure! these plays are cyclical for sure. they sorted their Malaysian issue recently, at least for awhile. i expect their move back to Australia will be facilitated by the western powers that be that are looking for independence in their important metals supply chain.
Lets see how this plays out.
"The Ministry of Commerce’s announcement on Monday is the latest move by the People’s Republic to leverage its dominant position mining and refining rare metals. It did so in 2010 against Japan over a territorial spat, enacting an unofficial, temporary export embargo against the 17 metallic elements that comprise the rare earths family. It also manipulated the market through export quotas and other policies, which held down global prices – deterring investment by miners overseas - while pushing local firms up the value chain. "
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launching in 3,2,1...
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looking good. cmon now; target 28 ish
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or one more low lol fuck this is taking ages
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here we go, that was the stop hunt we wanted. lfg
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noooooooooooope omg this trade is boring me to death. prob gonna need another stop hunt. whats related and interesting here is the AUD/USD chart.
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well i got out ages ago. now it looks ready. gonna go back in.