"As the world seeks to transition to cleaner energy sources, demand for rare earth materials for electric vehicles and wind energy has accelerated. In keeping with our objective of growing with the market, Lynas is making further investments to increase capacity in each stage of our operations. "
In the past I have expressed dissatisfaction with this "growing with the market" concept, because I knew the market growth would be exponential and Lynas growth was nowhere near that, but now that I see they will be quite aggressive with growth plans, I am happy to hear this again and again.
In my view, the Aug '22 announcement is the most positive news Lynas has posted since I have owned the stock.
Amanda is in a groove. Screaming buy; I'm thinking 100-200% SP increase next 12 months.
LYC Price at posting:
$7.64 Sentiment: Buy Disclosure: Held
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