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Lynas’s Chief Turns Contrarian $5 Million Rare Earth Bet Into $3.5 Billion
Mar. 08, 2011 08:41AM PST
Rare Earth InvestingBloomberg 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.