Lynas Corporation Ltd traded at 12.41 this Friday October 9th, increasing 0.01 or 0.08 percent since the previous trading session. Looking back, over the last four weeks, Lynas Corporation gained 17.54 percent. Over the last 12 months, its price fell by 37.35 percent. Looking ahead, we forecast Lynas Corporation Ltd to be priced at 12.69 by the end of this quarter and at 11.94 in one year, according to Trading Economics global macro models projections and analysts expectations.
Lynas Rare Earths Limited is an Australia-based company, which is engaged in integrated mining of rare earth minerals in Australia and mineral processing in Australia and Malaysia, and development of rare earth deposits. The Company’s operations include Mt Weld, Lynas Malaysia, Kalgoorlie and Lynas USA. It focuses on developing the Mt Weld resource, which includes ongoing exploration, production of mixed rare earths concentrates, and an expansion project to increase concentrate feedstock production to support 12,000 tons per annum of finished NdPr oxide. The Lynas Malaysia advanced materials plant is located on a 100-hectare site in the Gebeng Industrial Estate, a purpose-built petrochemical industry zone near Kuantan, on the east coast of Malaysia. Its rare earths processing facility in Kalgoorlie undertakes value-added processing of rare earths. The Company''s subsidiaries include Lynas Malaysia Sdn Bhd, Lynas Africa Ltd, Lynas Kalgoorlie Pty Ltd and Lynas USA LLC.