Shares in Lynas Corp have climbed 37% since May 20, when Chinese President Xi Jinping visited a rare-earths plant. The Australian company now has a market value of $1.3 billion.
Since March 26, when Wesfarmers said it had made a conditional offer at A$2.25 a share, the price has more than doubled, and touched a five-year high of A$3.16 on June 3. It has since eased, closing on June 5 at A$2.73. Lynas Corp rejected the initial Wesfarmers bid as highly conditional. It argued in April that the offer undervalued its intellectual property, engineering, processing and product development.
Reuters ClaraMarquesRTR Never knew Neodymium Oxide was white.
ClaraMarquesRTR imo it should be illegal to throw away rare earth materials. It should be recycled and stored for future generations.
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