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The latest update is out from Lynas Rare Earths ( (AU:LYC) ).
Lynas Rare Earths reported a significant increase in quarterly sales revenue, reaching A$170.2 million, driven by a rise in NdPr production and the first commercial production of separated heavy rare earths outside China. The company is advancing its renewable energy initiatives and expanding its strategic partnerships, including a new MOU with JS Link for a magnet manufacturing facility in Malaysia, reflecting its commitment to enhancing supply chain resilience and supporting Malaysia’s economic development.
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 is a leading company in the rare earths industry, focusing on the production and supply of rare earth materials. The company is known for its production of Neodymium-Praseodymium (NdPr) and other heavy rare earth oxides, positioning itself as a key player outside China in this sector.
Average Trading Volume: 4,778,672
Technical Sentiment Signal: Buy
Current Market Cap: A$9.47B
Find detailed analytics on LYC stock on TipRanks’ Stock Analysis page.