These were the best performing ASX 200 shares last week 9 January 2021

The S&P/ASX 200 Index (ASX: XJO) had a sensational start to 2021 and recorded a sizeable gain last week. Over the five days the benchmark index rose 2.6% to 6,757.9 points.

While a good number of shares climbed higher with the market, some recorded stronger gains than others. Here’s why these were the best performing ASX 200 shares last week:

Lynas Rare Earths Ltd (ASX: LYC)

The Lynas share price was the best performer on the ASX 200 last week with a gain of 15.6%. Investors were piling into the resources sector after the Democrat’s won control of the U.S. senate. This means it is now quite likely that the incoming Biden administration will be able to push through significant stimulus in the near future. This is expected to…