LYC 0.83% $6.60 lynas rare earths limited

At least Proactive Investors does mention Lynas, if only with a...

  1. RVR
    6,262 Posts.
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    At least Proactive Investors does mention Lynas, if only with a backhanded comment:
    ‘….The US Department of Defence granted Lynas $US258 million to construct a rare earths refinery in Texas, and other Australian firms, such as graphite producer Syrah and lithium developer Liontown, have also received significant US financial backing.
    In a parallel move, Export Finance Australia extended a substantial loan to Northern Territory's Arafura Resources, with Iluka Resources securing the largest Australian federal loan for a new refinery in Western Australia.
    This influx of government funds is timely for companies like Meteoric and Liontown, especially as the market for lithium and rare earths has recently contracted.
    The financial injections from the US not only enhance the market standing of Meteoric and ASM but also validate their projects' unique geological prospects, distinct from those exploited by Australia's leading rare earths producer, Lynas….’
    Last edited by RVR: 23/03/24
 
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