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    market news

    Lynas’s Chief Turns Contrarian $5 Million Rare Earth Bet Into $3.5 Billion

    Investing News Network
    Mar. 08, 2011 08:41AM PST
    Rare Earth Investing

    Bloomberg reported that Lynas Corp.’s (PINK:LYSDY) CEO invested in an Australian rare earth mine in 2002, and his investment is now paying off.

    Bloomberg reported that Lynas Corp.’s (PINK:LYSDY) CEO invested in an Australian rare earth mine in 2002, and his investment is now paying off.

    The market news is quoted as saying:

    With China controlling more than 95 percent of the world’s rare earths, Lynas’s stock jumped almost fourfold since June 30 as investors sought more secure future supply.

    To read the full market news, click here.

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