LYC 0.91% $6.50 lynas rare earths limited

La is most commonly used as a catalyst in petroleum cracking in...

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    La is most commonly used as a catalyst in petroleum cracking in the oil and gas industry. Catalysts are degraded by this process and are consumables. So the demand for La in the O&G industry scales with oil demand, which was depressed in 2020 due to COVID. In the near term, oil demand is likely to recover.
 
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