Latest news with #JSLink
Yahoo
4 days ago
- Business
- Yahoo
Lynas Rare Earths ADR (LYSDY) Upgraded to a ‘Neural' at JPMorgan
Lynas Rare Earths ADR (OTCMKTS:LYSDY) is one of the best rare earth stocks to buy now. On July 25, JPMorgan upgraded the stock to a 'Neutral' from an 'Underweight' and increased its price target to AUD10.00 from AUD4.90. The adjustment follows the company's delivery of solid quarterly results, which affirmed robust production. The company produced 2.1kt of NdPr oxide, exceeding JPMorgan's forecast by 22%. The average basket selling price was $60 per kg, outperforming estimates by 22%. The higher price tag offset high production costs and capital expenditure. In addition, JPMorgan is buoyed by Lynas Rare Earths inking a non-binding memorandum of understanding with JS Link for the supply of rare earth metals to be used for magnet production in Malaysia. Lynas Rare Earths ADR (OTCMKTS:LYSDY) is a company that mines and processes rare earth materials, essential components for various high-tech and green technologies. It extracts rare earth minerals from its Mt Weld mine in Western Australia and processes them at its facilities in Malaysia and Kalgoorlie. While we acknowledge the potential of LYSDY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Times
24-07-2025
- Automotive
- Business Times
Lynas sees higher rare earths prices after US backs MP Materials
[MELBOURNE] Prices of rare earths could rally further given growing demand for Western material, reflected in a recent deal by the US that has shown its resolve to rebuild the sector outside China, the CEO of top producer Lynas rare earths said. The US Department of Defense this month agreed to a multi-billion US dollar deal to become the largest shareholder in the Australian company's peer, MP Materials, the sole US miner of the magnetic metals used in electronics, electric vehicles and aircraft engines. As part of the deal, it offered a floor price of US$110 per kilogramme for the two most popular rare earths, a price nearly twice the current Chinese market level. Lynas CEO Amanda Lacaze, who heads the world's largest rare earths producer outside China, said the MP Materials deal reflected the US government's determination to break Beijing's dominance and to drive investment in its own industry. 'Can (prices) go above US$110? Yes and I think the recent detail of the deal is that there would be an expectation for the government that that is likely to happen, because they have negotiated exposure to upside,' she said. After Beijing curbed exports earlier this year, automakers panicked over a rare earths supply bottleneck, though those concerns have started to dissipate as Chinese rare earths magnets began to flow again. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Japanese magnet makers had 'significantly increased' their output over the past quarter due to the Chinese supply shortages, and Lynas was working with them to develop automotive customers outside their home country, Lacaze said. Lynas beat estimates for fourth-quarter revenue by 10 per cent, driven by higher selling prices across all rare earths products, and entered into a magnet manufacturing deal with South Korea's JS Link. It received an average selling price of A$60.20 per kg, the highest since the July 2022 quarter, compared with A$42.30 per kg a year earlier. Shares climbed as much as 4.2 per cent to A$10.57, the highest level since April 5, 2022, compared to a 0.3 per cent decline in the broader Australian mining index. Lynas posted sales revenue of A$170.2 million (S$143.6 million) for the quarter ending Jun 30, beating a Visible Alpha consensus estimate of A$155 million by about 10 per cent according to Barrenjoey, and up from A$136.6 million a year earlier. The company's total rare-earth oxide (REO) output for the fourth quarter was at 3,212 REO tonnes, compared with 2,188 REO tonnes reported a year ago. Lynas also disclosed a deal with South Korean permanent magnet manufacturer JS Link to develop a permanent magnet value chain in Malaysia and said it sees the country as a key market for industry growth. The collaboration includes plans for a 3,000-tonne neodymium magnet manufacturing facility near Lynas' advanced materials plant in Kuantan, Malaysia, it said. Lynas will supply light and heavy rare earth materials to support production, although the non-binding agreement remains subject to finalisation. REUTERS
West Australian
24-07-2025
- Business
- West Australian
Lynas Rare Earths links up with Koreans for proposed magnet factory as miner breaks three-year price record
Lynas Rare Earths wants to move further down the value chain of the coveted commodity by exploring plans to build a magnet factory with South Korea's JS Link, as talks on a US project drag. The Amanda Lacaze-led miner revealed to the market on Thursday the pair had inked a memorandum of understanding for a 3000 tonne capacity neodymium iron boron magnet factory in Malaysia. The CEO said the company was already an established rare earths supplier to magnet makers and was looking forward to working with JS Link on potentially developing a new industry in the country. It comes after Ms Lacaze suggested Australian miners would benefit by partnering with Asian countries with strong manufacturing expertise. There was little progress to report on getting the US to help pick up the tab for cost overruns at a proposed heavy rare earths facility named Seadrift in Texas. 'Lynas remains in active discussions with the U.S. Government regarding this additional capex,' the company said. News of plans for global expansion came following a strong three months for the miner, with quarterly production of neodymium and praseodymium getting above 2000t for the first time. Notoriously opaque rare earths markets also appeared to show some gains, with the average price of its rare earths products hitting $60.2/kg, the highest since July 2022. 'This is due to a continued focus on developing strategic customer relationships and the implementation of a balanced pricing portfolio that includes pricing agreements independent of the market index.' Western rare earth miners argue overstocking of supplies in China has kept rare earths prices in a glut for several years, and makes it harder for them to get a solid foothold in the market. More to come.
