Why are Lynas shares dropping?
Why are Lynas shares dropping?
The price of neodymium (one of Lynas’ main products) has remained steady recently, so it doesn’t seem like commodity prices have been behind the drop in Lynas’ shares. It’s more likely that the situation between Australia and China has caused some uncertainty across the broader materials sector.
What happened to Lynas Corp?
Australian rare earths producer Lynas Corp Ltd posted an annual loss on Monday, hurt by a temporary coronavirus-linked closure of its Malaysian processing plant and lower market prices.
What rare earths does Lynas?
Lynas is the world’s second largest producer of neodymium (Nd) and praseodymium (Pr), both light rare earths. Used together, they form NdPr, an alloy that’s present in a magnet inside the iPhone. Lanthanum (La) and cerium (Ce), two other light rare earths, make up over 70% of the Mt. Weld reserves.
Does Lynas mine lithium?
Mining stocks jumped 2.5%, led by a rally in lithium miners. Lynas Rare Earths jumped 9% on a A$14.8 million ($10.9 million) grant from Australia for a new rare earth refining process.
How do I buy Lynas shares?
How to buy shares in Lynas
- Compare share trading platforms. To buy shares listed in Australia, you’ll need to sign up to a broker with access to the Australian Securities Exchange (ASX).
- Open and fund your brokerage account.
- Search for Lynas.
- Purchase now or later.
- Decide on how many to buy.
- Check in on your investment.
What does Lynas Corporation do?
Lynas Corporation Limited is a company primarily involved in the exploration, development and process rare earths minerals. Lynas owns and operates two major operations: Mt Weld – located 35km south of Laverton, Western Australia, Lynas controls a mining and concentration plant at Mt Weld.
How do I buy Lynas stock?
Why does Lynas process in Malaysia?
For the past several years, Lynas keeps making headlines in Malaysia. This is due to the fear that this rare earth processing company is potentially endangering local communities, which has led us to question what rare earths are. Rare earth elements are also used in eco-friendly technology and medical devices.
How do I get Lynas rare earth?
Is Lynas overvalued?
Because Lynas Rare Earths is significantly overvalued, the long-term return of its stock is likely to be much lower than its future business growth. Link: These companies may deliever higher future returns at reduced risk.
Where is Lynas based?
Lynas
| Type | Public ASX: LYC |
|---|---|
| Headquarters | Sydney, Australia Kuantan, Malaysia |
| Area served | Australia, Malaysia, Singapore |
| Products | rare-earth metals |
| Revenue | 363,500,000 Australian dollar (2019) |
How do I buy Lyscf stock?
Shares of LYSCF can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
What is Lynas doing with Malaysia’s radioactive waste?
Malaysian authorities have granted Lynas more time to find a permanent home for low-level radioactive waste amid yet another legal challenge to its licence to operate. It is understood Lynas has struck a deal for BHP’s resurgent nickel business to supply it with sulphuric acid, a key input in processing of rare earths.
Is Lynas rare earths eyeing up BHP’s Nickel business?
It is understood Lynas has struck a deal for BHP’s resurgent nickel business to supply it with sulphuric acid, a key input in processing of rare earths. Lynas Rare Earths achieved record quarterly revenue as it battled to keep its Malaysian operations free of the COVID-19 outbreak.
Is Lynas rare earths set to benefit from the US President’s push?
Australian company Lynas Rare Earths has already benefited from the US President’s push to reduce dependence on China for critical minerals. Mineral sands miner Iluka Resources is attracting a lot of interest from investors after revealing big plans in rare earths, demerging its BHP iron ore royalties and paying back JobKeeper in the past year.
What does China’s Rare Earth threat mean for Lynas?
Threats from China, the world’s largest producer of rare earth minerals, to stop exports to the United States has left Washington scrambling for alternative channels of supply. Lynas posted revenue of A$110 million ($85.37 million) for the three months to March-end, up from A$91.2 million a year earlier.
