Lynas Rare Earths Ord Shs LYSCF

Metals & Mining Industrial Metals & Minerals

Lynas Rare Earths Limited is an Australia-based company, which is engaged in integrated mining of rare earth minerals in Australia and mineral processing in Australia and Malaysia, and development of rare earth deposits. The Company’s operations include Mt Weld, Lynas Malaysia, Kalgoorlie and Lynas USA. It focuses on developing the Mt Weld resource, which includes ongoing exploration, production of mixed rare earths concentrates, and an expansion project to increase concentrate feedstock production to support 12,000 tons per annum of finished NdPr oxide. The Lynas Malaysia advanced materials plant is located on a 100-hectare site in the Gebeng Industrial Estate, a purpose-built petrochemical industry zone near Kuantan, on the east coast of Malaysia. Its rare earths processing facility in Kalgoorlie undertakes value-added processing of rare earths. The Company's subsidiaries include Lynas Malaysia Sdn Bhd, Lynas Africa Ltd, Lynas Kalgoorlie Pty Ltd and Lynas USA LLC.

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Lynas Rare Earths Ord Shs

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Post by MaterialsManon Jan 30, 2023 8:44am

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Post# 35253568

Numbers are out.

Apparently Lynas's numbers made a good impression Down Under. Maquerie has projected that the ASX will lead the way over other indexes with the materials sector to outperform. So far this year, their predictions are on the money. A few companies that I keep a close eye on including LYCSF were up five to ten percent overnight on increased volume. A couple of Lithium plays (SYA & CXO) were part of those few. It will be intesting to see if the North American Markets react as strongly. I believe the futures are down at this moment.

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