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Lynas Rare Earths Ltd (ASX:LYC)

Materials

Lynas Rare Earths Ltd (ASX: LYC) is a ‘rare earths’ minerals producer. Rare earths are minerals which are used as inputs to create many of the electronic devices (e.g. mobile phones) we know and use each day. Lynas has Mt Weld in WA, which is a deposit and mining facility. Lynas is one of the world’s largest producers of rare earths outside of China. 

Lynas Rare Earths Ltd (ASX:LYC) share price

Lynas Rare Earths Ltd (ASX:LYC) share price news

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Drew Meredith, CFP

CRUNCHED: The ASX 200 is down, but it’s not out

On Wednesday, the Australian share market, or S&P/ASX 200 (INDEXASX: XJO) and All Ordinaries (ASX: XAO), hits its lowest level since 2020. Overnight, however, a firm 0.75% increase in US interest rates allowed the US stock market to bounce 1.5%.

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