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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.
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 ...
Lynas sales were hit by a lower average selling price for Neodymium Praseodymium (NdPr), which is used to make permanent magnets for electric vehicles and wind turbines. Rare earth producer Lynas ...
Production of NdPr, or neodymium-praseodymium, rose 19.4 percent to 1,591 tonnes, a new quarterly record, said Lynas, the world's only major producer of rare earths outside China. Lynas added that ...
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]
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 agreed acquisition price was $1.6 billion AUD. [25] During the same period, Mordant advised Lynas following an unsolicited takeover bid from Wesfarmers. [26] The $1.5b AUD bid was dropped by Wesfarmers shortly after the takeover bid was made public. [27] It was announced in June 2020 that Mordant would be part of the Queen's 2020 Birthday ...