ASX:LYC Archives - Money Morning Australia

23/08/2019

Lynas Share Price Down as Wesfarmers Abandons Bid: The Trump Effect

At time of writing, the share price of Lynas Corporation Limited [ASX:LYC] is down a further 4.96%, trading at $2.30. After shooting up towards the end of June, the Lynas share price has fallen sharply in the last two weeks as trade tensions ease (again). You can see the timing of Trump policy...

Lachlann Tierney

07/08/2019

Lynas Shares Rising on Licence Extension Headlines

Earlier this morning, Lynas issued a pause in trading pending an announcement. This announcement ended up being a comment from the company on the ‘recent media coverage’ of the Malaysia agreement, urging shareholders to ‘not rely on media speculation’. We look at the sector as a whole.

Lachlann Tierney

02/08/2019

Lynas Share Price Up as PM Gives Green Light and Deadline Nears

At time of writing the share price of Lynas Corporation Limited [ASX:LYC] is up 5.14%, trading at $2.66. There was big news for Lynas today on the Malaysian regulatory front, with Prime Minister Mahathir Mohamad confirming that the company won’t have to export low-level radioactive waste from its Kuantan plant...

Lachlann Tierney

22/07/2019

Lynas Share Price Down on Fresh Malaysia Concerns

The share price of Lynas Corporation Ltd [ASX:LYC] closed down 2.48%. Lynas shares slid throughout the day as investors digested events in Malaysia. Meanwhile, another rare earth company Northern Minerals Limited [ASX:NTU] was also down 1.41% today...

Lachlann Tierney

16/07/2019

Lynas Share Price Is Still Up More than 80% from 52-Week Low

After a brief retracement following the escalation of trade war tensions, the Lynas [ASX:LYC] share price has begun to rise again. We look at two recent developments in the world of rare earth mining and give our take on the outlook for Lynas.

Lachlann Tierney

03/06/2019

Best Performing Stocks on the ASX for May

The ASX 200 recorded a 1% rise over the last month, the big winner being Lynas Corporation Ltd [ASX:LYC] with a 54% gain. Today we will be looking at what has been driving the best performing stocks on the ASX for May.

Ryan Clarkson-Ledward

31/05/2019

Lynas’ Share Price Rises 10.95% after Go Ahead from Malaysian PM

Today, Lynas Corporation Ltd [ASX:LYC] is set to reach more multi-year highs, as the Malaysian Prime Minster gave his strongest indication to date that the company will be allowed to continue operating its controversial processing plant.At the time of writing Lynas’ share price is trading at $3.04, up 10.95%.

Ryan Clarkson-Ledward

30/05/2019

China Rare Earth Ban Drags Down Wesfarmers Share Price| ASX: WES

This new ban has seen a decline in the Wesfarmers share price, currently at a decrease of 1.22% (trading at $36.88 a share), as it complicates their takeover plans of Lynas Corporation Ltd [ASX:LYC]