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.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went down by 0.58% on Friday.
Wesfarmers Ltd (ASX:WES) has reloaded with a takeover attempt of Kidman Resources Ltd (ASX:KDR), after Lynas Corporation Ltd (ASX:LYC) was essentially rejected.
At today’s price, is the Wesfarmers Ltd (ASX:WES) share price a buy?
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.52% at lunch.
Lynas Corporation Ltd (ASX:LYC) shares could react today to some Malaysian-related news.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.48% at lunch.
The Wesfarmers Ltd (ASX:WES) share price ended lower Tuesday after it announced it would like to buy Lynas Corporation Ltd (ASX:LYC) for $2.25 per share.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently down 0.02% at lunch.
The Lynas Corporation Ltd (ASX:LYC) share price has been launched into orbit today by Wesfarmers Ltd (ASX:WES), which has decided to use its balance sheet to make a takeover bid for rare earth miner.
