Lynas is the most recent addition to the portfolio. They are a rare earths mining and processing business in Australia and Malaysia. Rare earths are used in a range of tech and the market is dominated by China. This gives Lynas a key advantage, particularly when America is talking about securing reserves and strategic production & processing in the space. We bought into a sharp ~$1.10 pullback in early Feb, initially targeting $7 – not a long way off now.
MM are bullish LYC here
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