LYC 2.72% $7.14 lynas rare earths limited

Ann: Lynas Appeals Condition Imposed on 4 December 2018, page-73

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  1. 116 Posts.
    lightbulb Created with Sketch. 34
    Wrong again. 


    “JHL Capital owns 65 percent of the Mountain Pass venture, which does business under the name MP Materials. New York-based QVT Financial LP has a 25 percent share, while Chinese firm Leshan Shenghe Rare Earth Co. holds the rest.”


    Chinese do NOT indirectly own Mt Pass. Leshan Shenghe only have a 10% share in Mt Pass.


    The mine was restarted in January 2018 and they have been shipping ore to China since. 


    https://www.bloomberg.com/news/articles/2018-09-27/the-californian-rare-earths-mine-caught-between-trump-and-china


 
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