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Lynas Corporation Ltd (ASX: LYC) Share Price and News

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Lynas Corporation Ltd (ASX:LYC) is the world’s second largest producer of rare earths and only significant producer outside China. Rare earths are essential components to​ high growth global manufacturing supply chains, including digital age technologies and green technologies such as electric vehicles and wind turbines.

Lynas has a portfolio of aligned assets to explore, develop, mine and process rare earth minerals. Assets include its Mt Weld mine and Mt Weld Concentration Plant in Western Australia, and a manufacturing facility in Malaysia. The company’s resource deposit in Mt Weld is acknowledged as one of the highest grade rare earths mine in the world.

Lynas started in WA in 1983 as Yilgangi Gold before changing its name to Lynas Gold in 1985. It was renamed Lynas Corporation Limited in 2000 and changed its ASX industry classification from gold to other metals in 2002. The Lynas share price soared to almost $25 per share in April 2011 before plunging as low as 0.34 cents in July 2015. It is trading around $2.40 in September 2020.

Lynas Corporation Ltd (ASX: LYC) Latest News

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