Aug. 26 at 7:21 AM
$LYSCF The Lynas results are actually very strong. The turnaround is real: profit jumped from just A
$8M to A
$222M and EBITDA to A
$386M. Production is also up, with REO +25% and NdPr +11%, so the growth isn’t only coming from higher prices. The average selling price rose 59% to A
$80.7/kg, and Lynas ended the year with a very strong A
$1.21bn cash position.
Strategically, I like it even more: Lynas is expanding further into the rare-earth supply chain, including metals and potentially magnets in the US, while securing additional supply. With the West trying to reduce dependence on China, Lynas is becoming increasingly important. Overall, the business looks much stronger than a year ago. 📈