Lynas Rare Earths initiated with an Outperform at William Blair

William Blair initiated coverage of Lynas Rare Earths (LYSCF) with an Outperform rating and no price target Lynas is the leading producer of separated rare earths outside China, the analyst tells investors in a research note. The firm says that with with construction now behind it and full operations underway, Lynas is starting to benefit from a production ramp-up and securing new offtake agreements. This offers “meaningful” growth in earnings and cash flow, contends Blair.