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Rainbow Rare Earths ( (GB:RBW) ) has shared an announcement.
Rainbow Rare Earths announced a significant surge in yttrium prices, which has materially enhanced the economics of its Phalaborwa project. The inclusion of yttrium in the project’s SEG+ mixed rare earth product could add approximately $30 million to its annual EBITDA. This price surge is attributed to Chinese export controls causing supply chain disruptions. The Phalaborwa project, with its low-capital intensity and strategic importance, stands out as a key player in the rare earth market, potentially offering high margins outside of China.
The most recent analyst rating on (GB:RBW) stock is a Buy with a £33.00 price target. To see the full list of analyst forecasts on Rainbow Rare Earths stock, see the GB:RBW Stock Forecast page.
Spark’s Take on GB:RBW Stock
According to Spark, TipRanks’ AI Analyst, GB:RBW is a Neutral.
Rainbow Rare Earths’ stock score is weighed down by its financial performance, with ongoing losses and no revenue generation presenting substantial risks. However, strong technical indicators suggest bullish momentum, potentially driven by strategic projects like Phalaborwa. The valuation remains challenging due to negative earnings, but the stock’s momentum and future projects provide some optimism.
To see Spark’s full report on GB:RBW stock, click here.
More about Rainbow Rare Earths
Rainbow Rare Earths is focused on establishing an independent and ethical supply chain for rare earth elements, which are crucial for the green energy transition. The company is pioneering the recovery of rare earth elements from phosphogypsum, a by-product of phosphoric acid production, which allows for quicker and lower-cost production compared to traditional mining. Rainbow is developing the Phalaborwa Project in South Africa and the Uberaba Project in Brazil, focusing on producing rare earth oxides critical for high-performance magnets used in various advanced technologies.
Average Trading Volume: 1,858,605
Technical Sentiment Signal: Strong Buy
Current Market Cap: £122.4M
Find detailed analytics on RBW stock on TipRanks’ Stock Analysis page.