Lynas Corporation Ltd (ASX: LYC) held its AGM in Sydney on Tuesday and CEO Amanda Lacaze has pointed to more big things for the company in 2018.
The rare earths miner's share price has gained more than 200 per cent this year with its stock now trading at around 21.5 cents.
Lynas reported that it had achieved record total sales revenue after commission for financial year (FY) 2017 of $257 million, up from the $191 million it reported for FY 2016.
And Ms Lacaze has indicated that shareholders could be in for more gains as the company continues to push for deals with big international businesses such as the German giant multinational engineering and electronics company, Bosch.
Lynas has reached an in principle agreement with Bosch to provide NdPr to meet Bosch's needs as the German company pushes ahead with major plans to have a significant impact on the way technology is produced and consumed.
Lynas expects to provide further details on the agreement in the near future.
Ms Lacaze told shareholders that Lynas expects to make further announcements relating to commercial agreements in the coming months.
These announcements are expected to shed more light on deals that have been struck with users at various stages of the supply chain, according to Ms Lacaze.
"The Rare Earths market is growing," Ms Lacaze said.
"The key growth driver is demand for magnetic materials.
"The key segments driving this demand growth are electrification of vehicles, growth in direct drive wind turbine manufacture, and the continued growth of consumer electronics and automation."
Lynas is not the only company with a hand in the supply end of the booming battery market that has been able to provide shareholders with solid returns recently.
Northern Cobalt Ltd (ASX: N27), with a market cap of $17.7 million, saw its share price lift by almost 10 per cent on Tuesday.
Northern Cobalt shareholders have also enjoyed returns exceeding 200 per cent over the past year.
And Spectrum Rare Earths Limited (ASX: SPX) is another one to watch.
Its share price climbed more than 9 per cent on Tuesday, adding to the 200 per cent returns its shareholders have enjoyed over the last year.
