Initiation of coverage with Buy (1) - Deutsche Bank has joined the rare metals bandwagon as China uses its muscle and with the rest of the world scrambling to get their hands on some. There is no stable supply outside China, which is responsible for about 90% of the world's production. Global demand outside China is about equal to Chinese demand (50/50). Lynas has the most advanced project outside China, the analysts point out. On higher pricing assumptions they believe the shares are much more worth than what they are priced at today. It's not difficult to see why the stockbroker has initiated coverage with a Buy rating accompanied by a price target of $1.80.