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Lynas Corporation Limited (LYSCF)

Other OTC - Other OTC Delayed Price. Currency in USD
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2.1100+0.0850 (+4.20%)
At close: 3:58PM EDT
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Neutralpattern detected
Previous Close2.0250
Open2.1000
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range2.0500 - 2.1500
52 Week Range0.5800 - 2.1500
Volume214,633
Avg. Volume148,478
Market Cap1.901B
Beta (5Y Monthly)1.26
PE Ratio (TTM)34.59
EPS (TTM)0.0610
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Reuters

    Lynas posts 8% jump in rare earth output as COVID-19 curbs ease

    The world's largest producer of rare earths outside China said production of neodymium and praseodymium (NdPr), used in everything from iPhones to weapons, rose to 1,342 tonnes in the quarter ended in September from 1,242 tonnes a year earlier. Lynas said a NdPr production rate of 75% is enough to meet demand as the coronavirus crisis continues to weigh on demand. Rare earths are critical minerals used in a wide range of everyday goods, including magnets and electric cars, and has become a key strategic consideration for Washington as it looks to reduce U.S. reliance on China, the world's biggest producer.

  • Trump Moves to Expand Rare Earths Mining, Cites China Threat
    Bloomberg

    Trump Moves to Expand Rare Earths Mining, Cites China Threat

    (Bloomberg) -- President Donald Trump signed an executive order aimed at expanding domestic production of rare-earth minerals that are vital to many critical manufacturing sectors, in an effort to reduce dependence on China.The order, which declares a national emergency in the mining industry, directs the Interior Department to explore using the Defense Production Act to hasten the development of mines. The administration has previously used the law to accelerate production of medical supplies during the coronavirus pandemic.The president’s actions are a direct consequence of China’s dominance of the sector for decades, said Gavin Wendt, a senior resource analyst at MineLife Pty. Previously, “the West was happy to be supplied with cheap rare earths from China, with China bearing the environmental consequences,” he said.Critical minerals have been a focus in the U.S. as China accounted for 80% of total U.S. imports of rare-earth compounds and metals last year. Last year, the White House ordered the Defense Department to spur the production of rare-earth magnets that go inside everything from electric vehicles to wind turbines to missile-guided systems, amid concerns that China could restrict exports of the products amid heightened trade tensions.Trump signed the order on his way to campaign stops in Minnesota, where he has made particular appeals to miners and residents of the state’s “Iron Range” area to support his re-election.The executive order stated that the Energy Secretary shall develop and publish guidance to clarify which projects supporting domestic supply chains for the minerals are eligible for a loan program earmarked for clean energy. The order also states the Interior and Energy Departments should encourage the development and reuse of old coal waste areas, material on old mining sites, as well as abandoned mining sites for recovery of the critical minerals.“The big problem for aspiring producers in the West has been the ability to source project funding and offtake agreements,” said Wendt. If the West wants to develop alternate production, “governments might have to step up and help subsidize projects -- something they’ve refused to do in the past,” he said.U.S. lawmakers recently introduced bipartisan legislation aimed at reducing dependence on China for rare earths. Separately, the European Union stepped up its push to become less reliant on imports of the raw materials, as the European Commission vowed create a rare-earths alliance by the end of the year.The order also seeks to “reduce the vulnerability of the United States to the disruption of critical mineral supply chains through cooperation and coordination with partners and allies, including the private sector.”Companies involved in rare earth exploration and investment gained on Thursday. Kuantan, Malaysia-based Lynas Corp. rose more than 5%, while Fortress Value Acquisition Corp., a New York-based special purpose acquisition company, gained as much as 14%.(Updates with share prices of rare-earth companies in final paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    Russia has $1.5 billion plan to dent China's rare earth dominance

    Russia plans investment of $1.5 billion in rare earth minerals, critical to the defence, telecommunications and renewable energy sectors, as it strives to become the biggest producer after China by 2030, a top government official told Reuters. Russia's initiative is in line with other countries, such as the United States, which are also trying to curb their reliance on China, home to 63% of global rare earths production and 37% of global reserves https://pubs.usgs.gov/periodicals/mcs2020/mcs2020.pdf.