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Lynas Corp. (LYSDY) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
Lynas was founded by the Sumich family of Perth, Western Australia. Perth based mining identity, Mr Les Emery was appointed its first CEO and Managing Director in 1986, remaining with Lynas until 2001. In 1994, following an exploration discovery, Lynas opened its first gold mine at Lynas Find, 130 km south of Port Hedland, Western Australia.
Lynas, the largest rare earths producer in the world outside of China, said in June it was stockpiling production of a major rare earth element, at a time when markets are concerned that Beijing ...
The stock of Lynas Rare Earths (OTCPK:LYSCF, 30-year Financials) gives every indication of being significantly overvalued, according to GuruFocus Value calculation.
In April 2011, MUFG and Morgan Stanley entered into an agreement to convert MUFG's outstanding convertible preferred stock in Morgan Stanley into Morgan Stanley stock. [18] In June 2011, MUFG took a 9.99 percent stake in Lynas Corp, an Australian rare earths developer. [19] On April 1, 2018, the bank was renamed to MUFG Bank Ltd.
Rare earths producer Lynas Corp said on Monday it has signed a memorandum of understanding with Texas-based Blue Line Corp to set up a rare earths separation facility in the United States.
The Mount Weld deposit is owned by ASX-listed Lynas Corporation, [6] which raised A$450 million equity from J. P. Morgan in 2009 [7] to fund the development of a mine and also a processing plant in Kuantan, Malaysia. Once operational, the Mount Weld mine is expected to be the largest source of rare-earth elements outside of China. [citation needed]
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