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Lynas Rare Earths ( (AU:LYC) ) has issued an update.
Lynas Rare Earths Ltd has signed a Memorandum of Understanding with Korean company JS Link to develop a 3,000 tonne capacity NdFeB permanent sintered magnet manufacturing facility in Malaysia. This collaboration aims to establish a sustainable rare earth permanent magnet value chain, leveraging Lynas’ supply of rare earth materials and JS Link’s expertise in magnet manufacturing, potentially strengthening Lynas’ market position and contributing to the growth of the magnet industry in Malaysia.
The most recent analyst rating on (AU:LYC) stock is a Buy with a A$7.15 price target. To see the full list of analyst forecasts on Lynas Rare Earths stock, see the AU:LYC Stock Forecast page.
More about Lynas Rare Earths
Lynas Rare Earths Ltd is a leading company in the rare earths industry, primarily focusing on the production and supply of rare earth materials. The company is known for its advanced materials plant in Malaysia and plays a significant role in the global supply chain for permanent magnets.
Average Trading Volume: 4,778,672
Technical Sentiment Signal: Buy
Current Market Cap: A$9.47B
Learn more about LYC stock on TipRanks’ Stock Analysis page.