Business
Electric vehicles, wind turbine demand drive Lynas’s bumper profit – Sydney Morning Herald
Lynas chief executive Amanda Lacaze says global trends towards electric vehicles, wind turbines and electronics are driving rare earth prices and underpinned a…
And we bank all the upside thanks to costs controls, she said.
Analysts at Euroz Hartleys Research said they would maintain their $5.50 price target and buy recommendation in acknowledgement of the optionality Lynas provides amidst a topical rare earth macro (environment) and surging prices.
The company said it had achieved strong results across all of its key financial metrics, while running production at 75 per cent of capacity. Despite ongoing uncertainty in the global economy and logistics/supply…
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