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
Why I like Saracen (ASX:SAR) and these ASX mining shares today
Ken Hall | September 21, 2020 9:17am
Why I think ASX mining shares like Saracen Mineral Holdings Ltd (ASX: SAR) could be in the buy zone despite Friday's surge. More »
Lynas (ASX:LYC) share price stands its ground as retail offer finalised
Chris Chitty | September 10, 2020 4:03pm
The Lynas share price was flat today as the company announced completion of its retail entitlement offer to investors. More »
Top brokers are urging investors to buy these ASX stocks today
Brendon Lau | August 18, 2020 2:55pm
The S&P/ASX 200 Index (Index:^AXJO) is racing higher, but it isn't too late to join the party as brokers pick the latest ASX stocks... More »
Lynas announces FY 2020 results and $425 million equity raising
James Mickleboro | August 17, 2020 10:39am
The Lynas Corporation Ltd (ASX:LYC) share price is in a trading halt on Monday after releasing its FY 2020 results and announcing a major... More »
Why the rise of electric vehicles could benefit ASX mining shares
Matthew Donald | August 13, 2020 2:16pm
In response to climate change, demand for electric vehicles is set to soar. Here's why these ASX mining shares could benefit as well. More »
ASX 200 Weekly Wrap: Surging commodity prices snap ASX 200’s losing streak
Sebastian Bowen | August 10, 2020 7:50am
Here on our ASX 200 Foolish Weekly Wrap, we look at the things that moved the S&P/ASX 200 Index and the broader share market... More »
These were the best performing ASX 200 shares last week
James Mickleboro | August 8, 2020 9:00am
Mesoblast limited (ASX:MSB) and Lynas Corporation Ltd (ASX:LYC) shares were among the best performers on the ASX 200 last week... More »
Why this ASX miner that’s missing the rally is one of my key picks for FY21
Brendon Lau | August 5, 2020 12:37pm
Shares in this ASX miner may have doubled since the COVID-19 low, but its still lagging many of its peers. This could soon change. More »
Lynas share price lifts 10% on signing of US Department of Defense contract
Matthew Donald | July 27, 2020 3:20pm
The Lynas Corporation Ltd (ASX: LYC) share price has flown today, up 10% on news the company has signed a major contract with the... More »
ASX 200 up 0.25%: Lynas rockets on U.S. deal, gold miners surge, bank shares tumble
James Mickleboro | July 27, 2020 12:06pm
Lynas Corporation Ltd (ASX:LYC) and Newcrest Mining Limited (ASX:NCM) shares are making a splash on the ASX 200 on Monday. Here's why... More »
Why Lynas, Northern Star, REA Group, & Sezzle shares are storming higher
James Mickleboro | July 27, 2020 11:45am
Lynas Corporation Ltd (ASX:LYC) and Sezzle Inc (ASX:SZL) shares are two of four pushing notably higher on Monday. Here's why... More »
Escalating US-China tensions are sending these ASX stocks jumping higher today
Brendon Lau | July 24, 2020 5:10pm
News that China ordered the closure of the US consulate in Chengdu is adding to the gloom on markets, but it sent two ASX... More »
A $73m boost sends the Austal share price to the top of the ASX 200 today
Brendon Lau | June 22, 2020 11:43am
The Austal Limited (ASX: ASB) share price surged after the US government agreed to pump US$50 million ($73 million) into its US shipyard. More »
Why Leigh Creek, Lynas, Monadelphous, & TechnologyOne are dropping lower
James Mickleboro | May 25, 2020 11:28am
Lynas Corporation Ltd (ASX:LYC) and TechnologyOne Ltd (ASX:TNE) shares are two of four dropping lower on Monday. Here's why... More »