Lynas Corporation Ltd (ASX:LYC) shares lift as reserves up

Rare earth miner Lynas Corporation Ltd (ASX: LYC) shares are climbing back into the black today after a period of downturn to close off July off the back of news its Mt Weld Ore reserves are up 60%.

Lynas announced yesterday its high-grade Mt Weld mine in Western Australia has had a substantial increase in tonnage – bolstering the company’s reputation as the world’s second-largest supplier of NdPr – used in electric vehicle magnetic motors.

Lynas is the only miner and processor of rare earth materials outside of China.

The Lynas share price has had a volatile 12 months, but the company has managed to reduce debt over FY18 and has plans to increase NdPr to 500 tonnes per month as at April 2018 to 600 tonnes per month from January 2019.

S&P/ASX 200 commodity shares on the up today include Beach Energy Ltd (ASX: BPT) – firmly on the gains list up 3.2% to $1.96 at the time of writing and Regis Resources Limited (ASX: RRL), also up 1.7% to $4.29.

The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018

We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Atlassian.

We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…


The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!