Lynas Likely Next in Line for U.S. Government Market Support -- Market Talk
Dow Jones
Jul 11
0115 GMT - Lynas Rare Earths gets a new bull in Jefferies after a rival miner secured a bumper deal with the U.S. government. Jefferies upgrades Lynas to buy from underperform and raises its price target by 56% to A$10.00/share. It points to MP Materials securing a 10-year floor price of US$110/kg for neodymium and praseodymium, two rare earths elements, with the U.S. Defense Department. "This signals a strong U.S. push for Rare Earth Magnet Independence, lifting upside risk across the Rare Earth pricing complex," analyst Mitch Ryan says. "Lynas appears to be the next logical beneficiary of government market support." Lynas is up 15% at A$9.56 today. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
July 10, 2025 21:15 ET (01:15 GMT)
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