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.
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...
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...
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.
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.
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%.
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]
The company has recently come out of a trading halt and provided clarification on its reserves. Meanwhile, there are signs that Lynas could benefit from worsening US–China trade war tensions.
The latest news out of the company is that it has signed a Memorandum of Understanding (MoU) with a US company for a joint venture (JV) processing facility to be based in Texas.
Today, Wesfarmers Ltd [ASX:WES] launched a $776 million takeover bid for lithium mining company Kidman Resources Ltd [ASX:KDR].At the time of writing, Kidman Resources’ share price is trading 44.44% higher, at $1.86 apiece.