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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... see more

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Lynas Rare Earths ADR > Big hitter

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Post by MaterialsMan on Apr 16, 2024 9:16pm

Big hitter

A very wealthy mining magnet grabbed 5% of Lynas.
The stock price is up quite a bit tonight on the AX.

109

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Comment by MaterialsMan on Apr 18, 2024 8:33am

The Australian press is making a big deal about this. It may have implications regarding M&A. The gal that bought the shares is known to be the wealthest individual in that country. She has significant positions in other Rare Earth companies, and really wants to lessen Chinas stranglehold on the industry. I guess she's a mover and a shaker.

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Lynas Rare Earths ADR