LYC -1.42%: the rare earth minerals business was out with quarterly production numbers today which were broadly positive, but failed to lift the share price. Production of NdPr was up 25% vs the December quarter with total REO production up 17%. Prices remain strong with increased demand for the critical minerals needed in most technologies and EVs. Progress is underway to build the Kalgoorlie processing facility as well with equipment now arriving for installation. All-in-all a solid update but there seems plenty of upside priced into Lynas at these levels.
MM is short term bearish LYC
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