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Lynas Rare Earths Limited ( ASX:LYC ) shareholders might be concerned after seeing the share price drop 13% in the last...
Lynas Rare Earths, Ltd. is an Australian rare-earths mining company with two major operations: a mining and concentration plant at Mount Weld in Western Australia, and the Lynas Advanced Materials Plant (LAMP) in Kuantan, Malaysia. [1] The company was founded in the 1990s and is headquartered in Perth, Western Australia.
Australian retail-to-chemicals conglomerate Wesfarmers Ltd said on Tuesday that it had made a bid to acquire niche rare earths miner Lynas Corp Ltd for A$1.50 billion ($1.07 billion) in cash. For ...
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In response to the opening of new mines in other countries (Lynas in Australia and Molycorp in the United States), prices of rare earths dropped. [62] The price of dysprosium oxide was US$994/kg in 2011, but dropped to US$265/kg by 2014.
MP Materials and Australia's Lynas held a confidential discussion regarding a potential merger which fell through on February 5, 2024. [28] Lynas is the second largest rare earth material company outside of China. As of 2024, CEO James Litinsky was the company's largest shareholder. [29]
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Seven Network Limited was created in 1991 by receivers in order to bundle together the assets of Christopher Skase's collapsed former business, Qintex. [3] [4]Between 1995 and April 2001, Alan Jackson of Nylex was the non-executive director of Seven, after being asked by Stokes to lead the company.