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Lynas Rare Earths ( (AU:LYC) ) has provided an update.
Lynas Rare Earths Ltd has announced the first production of Terbium Oxide at its advanced materials plant in Malaysia, following the recent production of Dysprosium Oxide. This development allows Lynas to supply two critical heavy rare earths required for the production of permanent magnets used in electric motors, enhancing the resilience of manufacturers’ supply chains. The company is actively engaging with customers for commercial supply arrangements, leveraging its world-class Mt Weld deposit as a reliable source of rare earth minerals.
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 company operating in the rare earths industry, focusing on the production of rare earth oxides. Its primary products include heavy rare earths such as Terbium and Dysprosium oxides, which are essential for manufacturing rare earth permanent magnets used in electric motors. The company sources its feedstock from the Mt Weld rare earths deposit in Western Australia, known for its rich supply of both light and heavy rare earth minerals.
Average Trading Volume: 4,915,987
Technical Sentiment Signal: Buy
Current Market Cap: A$8.68B
For detailed information about LYC stock, go to TipRanks’ Stock Analysis page.