Business
The Lynas (ASX:LYC) share price is bouncing back, what’s next?
March proved to be a volatile month for the Lynas Rare Earths Ltd (ASX: LYC) share price.
Its shares surged as much as 20% in the first week to an all-time record high of $6.82. This was followed by a sharp sell-off between 23 and 25 March where its shares shed ~15% to a 1-month low of $5.56.
In the final stretch of March, the Lynas share price staged a 10% recovery to finish the month relatively flat.
What’s next for the Lynas share price?
Higher neodymium prices to lift earnings
Neodymium (NdPr) is the primary material produced by Lynas, typically used in the production of magnets for automotive and energy industries.
A global commitment for reducing emissions has put the critical material in the spotlight, propping…
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