In the latest Molycorp news, a number of bidders have reportedly emerged for the company’s assets. The news sparked a share price rise earlier this week.
Mining Weekly reported that Lynas Corporation (ASX:LYC) has said it is looking to bring on more long-term offtake agreements in light of customers looking for price predictability.
Highlights include a look at Tesla’s lithium strategy from Joe Lowry, Goldman Sachs’ view of the gold price and the potential impacts of Argentina’s election for the mining sector.
Lynas Corporation Ltd. (ASX:LYC) released its results for the first quarter of its 2016 fiscal year, which ended on September 30, 2015. The company highlights in its release that it generated AU$1.3 million in free cash flow in the face of tough market conditions.
Shareholders have reacted well to the latest piece of Lynas news. The Aussie rare earths miner increased its gross sales revenue by 74 percent quarter-on-quarter to hit AU$51.9 million, a record high.