Lynas Rare Earths Limited (AU:LYC) has released an update.
JPMorgan Chase & Co. and its affiliates have become a substantial holder in Lynas Rare Earths Ltd, securing a 5.11% voting power with 47,748,278 ordinary shares. This position was established on August 9, 2024, through various investment and lending strategies, including securities on loan as an agent lender and purchases made in their capacity as principal. The details of the relevant interests and registered holders demonstrate a significant financial move by JPMorgan in the rare earth sector.
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