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Lynas Gains Most in Two Years on Rare Earths Demand Outlook
Sep. 27, 2011 07:54PM PST
Rare Earth Investing
Bloomberg reported that a positive demand outlook for rare earths pushed shares of Lynas Corp. (ASX:LYC) up the most in two years.
Bloomberg reported that a positive demand outlook for rare earths pushed shares of Lynas Corp. (ASX:LYC) up the most in two years.
The market news is quoted as saying:
The shares gained 35 percent to A$1.18 at the 4:10 p.m. close of Sydney trading, the most since May 1, 2009. The Sydney- based company is the biggest gainer today on the MSCI AC Asia Pacific Index.