Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Happy New Year Market Matters Congratulations on your strong 2023 portfolio performance and keep up the great work! Both Lynas and Iluka are trading at very low price points - do they represent good value or are they too risky at this point in time. Does MM favour one over the other? Thanks and regards Rob
Hi Rob,
Both companies are struggling at the moment and weaker economic data out of China has continued to weigh on mineral sands (ILU) and rare earths (LYC).
Lynas is well positioned to benefit from an improvement out of Asia but we prefer Iluka at current levels.
Iluka is developing their own rare earths offering with plenty of capex required to get this up and running over the next few years. The mineral sands market looks oversold currently though, similar to our view on Lithium, a contrarian trade rally wouldn’t surprise.
Take a free trial.
No payment details required.
A link to create a new password will be sent to the email address you have registered to your account.
Hi, this is only available to members. Join today and access the latest views on the latest developments from a professional money manager.
Our Smart Phone App will give you access to much of our content and notifications. Download for free today.
