LYC 1.39% $6.56 lynas rare earths limited

Eagerly awaiting news on upgrades at Lamp and Kal output. Low...

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    Eagerly awaiting news on upgrades at Lamp and Kal output. Low REE prices should not be a major issue going forward as customers lining up to sign favourable contracts now that Mal licensing issues put to bed. Reasonable to assume floor and ceiling prices, better terms, etc. Lynas management certainly upbeat about this at AGM.
    Also, I'd be very surprised if revenue is below $100 to $120 million for the qtr unless something unexpected occurred with Lamp output before the shutdown. Sales from inventory and Lamp output would have been carefully managed to ensure the best possible outcome.
 
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