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Lynas Rare Earths ( (AU:LYC) ) has issued an announcement.
Lynas Rare Earths concluded its Lynas 2025 growth strategy with significant achievements, including the completion of major projects at Kalgoorlie and Mt Weld, and the first production of dysprosium and terbium oxides in Malaysia. The company launched its Towards 2030 strategy, supported by a $930 million capital raise, to enhance its market position and expand its operations. Despite challenges like low market pricing, Lynas reported increased annual revenue and NdPr sales. The company continues to strengthen its operational footprint and engage with global governments to develop non-China rare earths supply chains.
The most recent analyst rating on (AU:LYC) stock is a Buy with a A$17.70 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 key player in the rare earths industry, primarily focusing on the production and supply of rare earth materials, including high-value products like NdPr, dysprosium, and terbium oxides. The company has a significant market presence outside China, with operations in Australia and Malaysia, and is involved in expanding the non-China rare earths supply chain.
Average Trading Volume: 9,263,017
Technical Sentiment Signal: Buy
Current Market Cap: A$15.14B
See more insights into LYC stock on TipRanks’ Stock Analysis page.