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Lynas Rare Earths Ltd (LYC) $10.23

Last week saw LYC shares soar higher after the company delivered an almost 400% increase in 1H 2022 net profit. The rare earths miner is enjoying the EV revolution which still looks in its infancy. MM believes LYC is viable and potentially better alternative to lithium stocks which are trading on high valuations as investors clamour for exposure to Tesla’s et al.

LYC
MM is bullish LYC initially looking for 15-20% upside
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Lynas Rare Earths Ltd (LYC)
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