Composer require fails with "indicates a consistency issue with the repository." even though there isn't

[glaubinix]

My composer.json:

{}

Output of composer diagnose:

Checking composer.json: WARNING
No license specified, it is recommended to do so. For closed-source software you may use "proprietary" as license.
Checking platform settings: OK
Checking git settings: OK
Checking http connectivity to packagist: OK
Checking https connectivity to packagist: OK
Checking github.com oauth access: OK
Checking disk free space: OK
Checking pubkeys:
Tags Public Key Fingerprint: 57815BA2 7E54DC31 7ECC7CC5 573090D0  87719BA6 8F3BB723 4E5D42D0 84A14642
Dev Public Key Fingerprint: 4AC45767 E5EC2265 2F0C1167 CBBB8A2B  0C708369 153E328C AD90147D AFE50952
OK
Checking composer version: OK
Composer version: 2.1.3
PHP version: 7.4.19
PHP binary path: /usr/local/Cellar/php@7.4/7.4.19_1/bin/php
OpenSSL version: OpenSSL 1.1.1k  25 Mar 2021
cURL version: 7.77.0 libz 1.2.11 ssl (SecureTransport) OpenSSL/1.1.1k
zip: extension present, unzip present

When I run this command:

composer require symfony/ux-live-component

I get the following output:

Reading ./composer.json (/Users/glaubinix/Projects/packagist/composer/glaubinix/composer.json)
Loading config file /Users/glaubinix/.composer/config.json
Loading config file /Users/glaubinix/.composer/auth.json
Loading config file ./composer.json (/Users/glaubinix/Projects/packagist/composer/glaubinix/composer.json)
Checked CA file /usr/local/etc/openssl@1.1/cert.pem: valid
Executing command (/Users/glaubinix/Projects/packagist/composer/glaubinix): git branch -a --no-color --no-abbrev -v
Reading /Users/glaubinix/.composer/composer.json
Loading config file /Users/glaubinix/.composer/config.json
Loading config file /Users/glaubinix/.composer/auth.json
Loading config file /Users/glaubinix/.composer/composer.json (/Users/glaubinix/.composer/composer.json)
Loading config file /Users/glaubinix/.composer/auth.json
Reading /Users/glaubinix/.composer/auth.json
Reading /Users/glaubinix/Projects/packagist/composer/glaubinix/vendor/composer/installed.json
Running 2.1.3 (2021-06-09 16:31:20) with PHP 7.4.19 on Darwin / 19.6.0
Downloading https://repo.packagist.org/packages.json
[200] https://repo.packagist.org/packages.json
Writing /Users/glaubinix/Library/Caches/composer/repo/https---repo.packagist.org/packages.json into cache
Reading /Users/glaubinix/Library/Caches/composer/repo/https---repo.packagist.org/provider-symfony~ux-live-component.json from cache
Downloading https://repo.packagist.org/p2/symfony/ux-live-component.json if modified
[304] https://repo.packagist.org/p2/symfony/ux-live-component.json
Reading /Users/glaubinix/Library/Caches/composer/repo/https---repo.packagist.org/provider-symfony~ux-live-component.json from cache
Reading /Users/glaubinix/Library/Caches/composer/repo/https---repo.packagist.org/provider-symfony~ux-live-component.json from cache
Reading /Users/glaubinix/Library/Caches/composer/repo/https---repo.packagist.org/provider-symfony~ux-live-component~dev.json from cache
Downloading https://repo.packagist.org/p2/symfony/ux-live-component~dev.json if modified
[304] https://repo.packagist.org/p2/symfony/ux-live-component~dev.json
Reading /Users/glaubinix/Library/Caches/composer/repo/https---repo.packagist.org/provider-symfony~ux-live-component.json from cache
Downloading https://packagist.org/search.json?q=symfony/ux-live-component&type=
[200] https://packagist.org/search.json?q=symfony/ux-live-component&type=


  [InvalidArgumentException]
  Could not find package symfony/ux-live-component. It was however found via repository search, wh
  ich indicates a consistency issue with the repository.


Exception trace:
 () at phar:///usr/local/Cellar/composer/2.0.13/bin/composer/src/Composer/Command/InitCommand.php:893
 Composer\Command\InitCommand->findBestVersionAndNameForPackage() at phar:///usr/local/Cellar/composer/2.0.13/bin/composer/src/Composer/Command/InitCommand.php:498
 Composer\Command\InitCommand->determineRequirements() at phar:///usr/local/Cellar/composer/2.0.13/bin/composer/src/Composer/Command/RequireCommand.php:189
 Composer\Command\RequireCommand->execute() at phar:///usr/local/Cellar/composer/2.0.13/bin/composer/vendor/symfony/console/Command/Command.php:245
 Symfony\Component\Console\Command\Command->run() at phar:///usr/local/Cellar/composer/2.0.13/bin/composer/vendor/symfony/console/Application.php:835
 Symfony\Component\Console\Application->doRunCommand() at phar:///usr/local/Cellar/composer/2.0.13/bin/composer/vendor/symfony/console/Application.php:185
 Symfony\Component\Console\Application->doRun() at phar:///usr/local/Cellar/composer/2.0.13/bin/composer/src/Composer/Console/Application.php:312
 Composer\Console\Application->doRun() at phar:///usr/local/Cellar/composer/2.0.13/bin/composer/vendor/symfony/console/Application.php:117
 Symfony\Component\Console\Application->run() at phar:///usr/local/Cellar/composer/2.0.13/bin/composer/src/Composer/Console/Application.php:125
 Composer\Console\Application->run() at phar:///usr/local/Cellar/composer/2.0.13/bin/composer/bin/composer:64
 require() at /usr/local/Cellar/composer/2.0.13/bin/composer:24

require [--dev] [--dry-run] [--prefer-source] [--prefer-dist] [--prefer-install PREFER-INSTALL] [--fixed] [--no-suggest] [--no-progress] [--no-update] [--no-install] [--no-scripts] [--update-no-dev] [-w|--update-with-dependencies] [-W|--update-with-all-dependencies] [--with-dependencies] [--with-all-dependencies] [--ignore-platform-req IGNORE-PLATFORM-REQ] [--ignore-platform-reqs] [--prefer-stable] [--prefer-lowest] [--sort-packages] [-o|--optimize-autoloader] [-a|--classmap-authoritative] [--apcu-autoloader] [--apcu-autoloader-prefix APCU-AUTOLOADER-PREFIX] [--] [<packages>]...

And I expected this to happen:

As I am running PHP7.4 and symfony/ux-live-component is only available as a dev version that requires PHP8 I would either expect Composer to tell me that there is no stable version or no version matching my PHP version available.

So either
Could not find package symfony/ux-live-component in any version matching your PHP version, PHP extensions and Composer version

or
Could not find a matching version of package symfony/ux-live-component. Check the package spelling, your version constraint and that the package is available in a stability which matches your minimum-stability (stable).