Lynas Rare Earths (LYSCF) is an Australian rare-earth metal mining company that’s listed on the Australian Securities Exchange (ASX).
This company is currently the only major miner and processor of rare-earth materials outside of China – with a mining and concentration facility in Western Australia, as well as a refining plant in Malaysia.
According to FactSet, the Australian government awarded LYSCF a $14.8 million grant in July as a part of its Modern Manufacturing Initiative.
Through this, LYSCF was given the ability to commercialize an industry-first rare-earth carbonate refining process.
In the same month, the company also reported its fourth-quarter neodymium and praseodymium production…
These metals are used to power permanent magnet motors, and LYSCF said it produced 1,393 tons compared to last year’s 1,359 tons.
However, LYSCF also generated $185.9 million in revenue versus 2020’s revenue of $110 million. This helped bring the company’s total cash balance to $580.8 million.
So, as the boom in the rare-earth metal industry continues, LYSCF should benefit, as these materials are used in everything from electronics, vehicles, and more.
And given the fact that LYSCF shares are trading around $5, any major development in the space could result in massive gains.
The $4 Stock Poised to Soar Thanks to 14x Demand
Sponsored
Over the next decade, as the number of electric vehicles on the road increases from around 10 million today to as much as 145 million – ONE material is going to be in higher demand than anything else.
More than lithium. And more than cobalt.
It's the most important component of an electric vehicle battery…
That's why Bloomberg estimates demand for this material is likely to increase 14-fold by 2030.
And right now, this ONE $4 stock is uniquely positioned to benefit the most from this soaring demand.
It's my absolute No. 1 way to play the long-term rise of electric vehicles.
I explain everything you need to know in this short update.
P.S. When this resource had a similar shortage 20 years ago, investors had the chance to make 20-30x their money in just a few years. That's why I think everyone needs to get the facts on this market and learn about my favorite $4 stock right away.
