Lynas Corporation Ltd (ASX:LYC) shares back in black on quarterly reports

The release of its quarterly cashflow and activities report puts rare earths miner Lynas Corporation Ltd (ASX: LYC) back in the black today after its share price has been stuck in reverse in the last six months.

The Lynas share price is up 0.7% to $1.59 at the time of writing, with the report showing the company is making ground operationally.

Cash flows from operating activities are up 57% on the June quarter to $32.8 million with sales revenue up 15.2% to $105.6 million as the company has leveraged off a strong demand for rare earths coming through from Japanese customers.

Lynas has battled some water supply issues at its Malaysian plant for the third time in 2018 during the quarter which may lead to reduced production in the December quarter and it will remain to be seen whether this continues to curb investor appetite in the stock.

Lynas has few ASX rivals in the rare earths space, with small caps Greenlands Minerals and Energy Limited (ASX: GGG) and Alkane Resources Limited (ASX: ALK) trailing well behind at present.

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!