Lynas Rare Earths initiated with a Buy at Jefferies

Jefferies analyst Chris Drew initiated coverage of Lynas Rare Earths with a Buy rating and A$7.60 price target. Lynas, as “the only producer of separated rare earths of scale outside China,” has a world-class resource base and the firm believes it is in a unique position to be “a central part of any solution to secure an ex-China supply chain in rare earths,” the analyst tells investors.