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Lynas Rare Earths ( (AU:LYC) ) just unveiled an update.
Lynas Rare Earths and Noveon Magnetics have signed a Memorandum of Understanding to form a strategic partnership aimed at establishing a domestic U.S. supply chain for rare earth permanent magnets. This collaboration seeks to address supply chain disruptions and meet the demand for critical applications in the defense and commercial sectors by providing a reliable and sustainable supply of high-performance magnets. The partnership will focus on developing a traceable and transparent supply chain, prioritizing national defense systems and critical infrastructure, and working with U.S. policymakers to ensure alignment with national interests.
The most recent analyst rating on (AU:LYC) stock is a Hold with a A$19.45 price target. To see the full list of analyst forecasts on Lynas Rare Earths stock, see the AU:LYC Stock Forecast page.
More about Lynas Rare Earths
Lynas Rare Earths Limited is an integrated miner and producer of rare earths, known for being the only commercial producer of both separated light and heavy rare earths outside of China. The company has been supplying these materials to manufacturing supply chains in East Asia, North America, and Europe for over a decade. Noveon Magnetics is a U.S.-based high-performance rare earth magnet manufacturer, known for its EcoFlux™ process that enhances resource efficiency and supports the use of recycled materials in magnet manufacturing.
Average Trading Volume: 6,556,234
Technical Sentiment Signal: Buy
Current Market Cap: A$19.49B
For a thorough assessment of LYC stock, go to TipRanks’ Stock Analysis page.