Proactiveinvestors RSS feed en Tue, 16 Oct 2018 14:35:14 +1100 Genera CMS (Proactiveinvestors) (Proactiveinvestors) <![CDATA[News - Lynas Corporation attracts fund trackers following entry into Australian 200 Index ]]> Lynas Corporation (ASX:LYC, OTC:LYSDY) has a new substantial shareholder in Credit Suisse Australia, on behalf of its group and affiliates.

Credit Suisse is currently holding 6.69% of the stock and voting power.

Lynas has been attracting attention from funds that track indexes, following its entry into the S&P/ASX 200 Index and the S&P/ASX All Australian 200 Index in the December 2017 quarterly rebalance.

Shares in the company have tripled over the past 12-months and are trading at $2.24, which is close to the highs for the period.

The share register was also recently tightened following a 1 for 10 share consolidation.

Operating environment

Helping the positive re-rating has been stable operating costs and higher production rates on neodymium-praseodymium from its chemical processing operation in Kuantan, Malaysia.

Lynas has quality, long term relationships with direct customers and end users around the world, primarily magnet makers and automotive manufacturers in Japan and China.

Fri, 12 Jan 2018 10:53:00 +1100
<![CDATA[News - Lynas Corporation shares rebound with rare earths in 2017 ]]> Lynas Corporation (ASX:LYC) shares are up 150% in 2017 and are trading around levels last seen in mid-2014.

The rare earths miner’s rebound can be partly attributed to strong growth in the rare earths market, especially neodymium-praseodymium (NdPr).

NdPr are two of the most commonly used rare earth elements and their most important application is in the magnets used for electric motors, which is driving demand.

Lynas is the second largest producer of NdPr material in the world and the leading supplier of NdPr to the free market.

The company is an integrated miner and producer of rare earths, operating a high-grade mine in Mt Weld, Western Australia and a chemical processing operation in Kuantan, Malaysia.

Significant operational, cost and balance sheet improvements over past 3 years have delivered record cash flow, sales and production rates.

Record September quarter

During the recent September quarter, Lynas recorded significant improvements on all key measures of operating performance.

Revenue, production and cash flow from operations all reached new record levels.

Invoiced sales increased 108% to $112 million on the prior corresponding period.

Fri, 03 Nov 2017 01:34:00 +1100
<![CDATA[News - Lynas Corporation reveals a New York based substantial shareholder ]]> Lynas Corporation Ltd (ASX:LYC) has received a notice of initial substantial holder from Mount Kellett Capital Management LP.

Mount Kellett is a New York based fund manager with over US$2 billion in funds under management.

Lynas has been a strong performer recently, benefiting from an increase in rare earth prices.

Shares in the company have been trading in the $0.18 to $0.21 range, which is over three-times higher than 12-months ago.

Lynas mines rare earths from Mt Weld in Western Australia, and then ships the concentrate to Malaysia where it is refined by separating the various rare earth elements.

The company's key customers are in Japan and China, with the end products used in a variety of industries including automotive.

Fri, 22 Sep 2017 10:37:00 +1000