BUZZ-Lynas, Iluka Resources top beneficiaries from US-Australia critical minerals deal, MS says
Reuters
Oct 22
BUZZ-Lynas, Iluka Resources top beneficiaries from US-Australia critical minerals deal, MS says
** Analysts at Morgan Stanley view the critical minerals agreement between Australia and the United States to benefit rare earth companies such as Lynas LYC.AX and Iluka Resources ILU.AX
** The governments announced that they had agreed to boost supply of rare earths and other critical minerals to reduce China's grip over the supply chain
** Brokerage sees new and incumbent players in this space to offset any pricing impacts through volume expansion
** Some Australian rare earths and critical minerals companies saw their share prices jump on Tuesday after the agreement
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com))
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