Business
The Lynas share price (ASX:LYC) rose 34% in November. Here’s why
The Lynas Corporation Ltd (ASX: LYC) share price has just had a top month. Lynas shares started November at $2.83, and closed yesterday at $3.78. That means the Lynas share price is up 33.57% for the month of November.
You might remember Lynas from its dalliance with the giant conglomerate Wesfarmers Ltd (ASX: WES) a couple of years ago. Back then, Wesfarmers tried (unsuccessfully) to buy out Lynas and add it to the company’s massive portfolio of subsidiary businesses. Incidentally, Wesfarmers bid $2.25 a share for the company back then.
But Lynas has shown it has what it takes to thrive on its own two feet since. The Lynas share price is up nearly 63% year to date. It’s also up more than 250% from the lows we saw back in…
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