Lynas to invest $25 million in expanding rare earth product line
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Lynas (ASX:LYC) is going to spend around $US25 million adding a new stream of rare earth products to the range produced at its Malaysian operation.
Read MoreLynas (ASX:LYC) is going to spend around $US25 million adding a new stream of rare earth products to the range produced at its Malaysian operation.
Read MoreAfter spending billions to secure an overpriced position in lithium, Gina Rinehart and her company, Hancock Prospecting, are now setting their sights on rare earths. Their latest move involves acquiring a stake in Lynas Rare Earths (ASX:LYC), the largest miner of this crucial material outside of China.
Read MoreAs expected, the slump in rare earth prices and lower production and sales took a toll on Lynas in the six months to December, significantly impacting the profit of the world’s biggest producer of these essential minerals outside China.
Read MoreAustralian rare earth miner Lynas (ASX:LYC) has confirmed media reports that it has had confidential discussions with US-based rival MP Materials Corp regarding a potential transaction.
Read MoreLynas (ASX:LYC), a rare earths group, saw its shares under pressure on Monday after revealing a 40% year-on-year decline in rare earths production in the December quarter.
Read MoreThe Western Australia Environmental Protection Authority (EPA) has recommended the environmental approval of Lynas' life-of-mine proposal for its Mount Weld rare earths project. The proposed expansion by Lynas Rare Earths' subsidiary aims to increase the development area to 2802 hectares, extending the operation's lifespan by up to 30 years. This decision comes despite concerns about transitioning to renewables.
Read MoreLynas Rare Earths (ASX:LYC) surprised investors on Friday with news of its plan to shut down all operations in Malaysia, except for a mixed rare earth carbonate processing plant, over the December quarter.
Read MoreAt the closing bell, the S&P/ASX 200 was 0.54 per cent higher at 7,450.70 after the Reserve Bank’s left the cash rate on hold.
Read MoreAccording to a recent ANZ-Roy Morgan survey, consumer confidence experienced a notable boost of 3.2 percentage points last week, reaching its highest level since late April.
Read MoreA snapshot of the stocks on the move, featuring Patriot Battery Metals (ASX:PMT), Lynas Rare Earths (ASX:LYC) and Talon Energy (ASX:TPD).
Read MoreLynas Rare Earths (ASX:LYC) took a significant hit in the June quarter from the slump in world prices for its key products.
Read MoreTesla’s record 13-day streak of gains came to an end on Wednesday, snapping a run that added $US240 billion to its market value and more than $US26 billion to Elon Musk’s fortune.
Read MoreLynas shares surged 12% yesterday after Malaysian authorities gave a six-month extension to allow it to continue operating its rare earths separation plant.
Read MoreAhead of what could be a pivotal court hearing in Malaysia tomorrow, Lynas Rare Earths reported record NdPr production in the March quarter.
Read MoreLynas Rare Earths saw a 4% drop in first-half profit on Monday as prices for its metals were eroded by the combined impact of disruptions, higher processing prices and rising wages.
Read MoreShares in rare earths group Lynas jumped to their highest level in more than 6 months on Monday after the company revealed a solid performance for the December period.
Read MoreLynas Rare Earths has reported a record profit on the back of strong demand for ex-China supply of its key products essential to the rapid growth in the electrification of the economy.
Read MoreLynas is to spend upwards of $500m expanding the capacity of its Mt Weld mine and processing operations in WA to meet growing demand for its suite of rare earths products.
Read MoreLynas has again confirmed there is a lot of money to be made by proving to be a reliable, low-cost provider in the rare earths game, reporting a 58% rise in quarterly revenue.
Read MoreOutperform rating and $12.80 target maintained.
Read MoreLynas Rare Earths has wrapped up a contract worth around $US120m with the US Department of Defense to build a commercial Heavy Rare Earths separation facility in America.
Read MoreUpdates Tuesday from two companies who have been having a fine time of it lately, and while the good news continued for Lynas, Pilbara Minerals ran into some unexpected headwinds.
Read MoreA week after revealing a big rise in earnings, Lynas Rare Earths has surprised with what looks a significant upgrade to the company’s key Mount Weld deposit in WA.
Read MoreThe December quarter bought the usual flood of updates from miners on their exploration, development and production operations – here are a few of the key highlights.
Read MoreSuddenly there’s a lot of money in rare earth prices, and after promising a lot and delivering little for years, Lynas has proved that solid hard work can end up realising all that potential.
Read MoreShares in Lynas Rare Earths hit a near 9-year high as its promising future took a more defined shape and revenue for the year to June 30 surged to record levels.
Read MoreShares in Lynas jumped more than 9% yesterday after revealing it had won an Australian government grant to commercialise an industry-first rare earth refining process at its planned WA plant.
Read MoreThe market took a set against rare earths miner Lynas yesterday after its third quarter report revealed a slide in sales because of problems shipping its products.
Read MoreThe main positive in the December quarter was record revenue of $119m, 14% above UBS estimates. Pricing was higher than anticipated. The main negative is the plant is still running at 75% capacity. Neutral rating is retained. Target is $4.30.
Read MoreBack in 2017, I coined the phrase ”Green Movement” and over the year in my column on ShareCafe, I specifically focused on several stocks that would benefit from the world going green. This included everything from electric vehicle penetration, renewable energy, and even the move towards organic products. 2017 ended up being a great year for the “Green Movement”.
Read MoreRare earths miner Lynas Corporation’s $500 million WA processing plant has moved a step closer with the company announcing that it has awarded the contract for its key part – the massive kiln which will be used to heat the ore to start the extraction process.
Read MoreThe New Criterion’s Tim Boreham highlights several mining services contractors, large and small, and their potential at this time.
Read MoreRevenue was 6% of ahead of UBS estimates in the December quarter. The broker likes the company’s strategic position as the only producer of rare earths outside of China, for which demand is set to double by 2025.
Read MoreThe full-year results from rare earths miner Lynas Corp reveal a hint of what Wesfarmers saw in when it launched its now aborted $1.5 billion bid earlier this year.
Read MoreRare earths group Lynas Corporation has made it even harder for stalkers like Wesfarmers to muscle into the company and take control.
Read MoreBoron really is a wonder element and as the appreciation for its advantages and applications increase, so will the search for the future players in this industry. We have seen with PPK how quickly the market can be excited by a boron application and ABR is the cheap and forgotten future source of all this excitement.
Read MoreLynas shares jumped more than 15% yesterday on talk from offshore than China could restrict exports of rare earths to the US and other users as part of its retaliation over Donald Trump’s trade war.
Read MoreShares in Lynas Corp rose 10% yesterday to a new multi-month high of $2.53 after the company withdrew reserves data given in Tuesday’s investor day presentation.
Read MoreTrading in Lynas Corporation shares was halted late Tuesday until Thursday morning following a query from the ASX about data released as part of an investor day update presentation yesterday.
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