Lynas (ASX:LYC) shares gain as demand for rare earths soars

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Highlights

  • Shares of rare earths company, Lynas, closed over 2% today.

  • The stock has gained over 70% in the last 12 months.

  • Increased demand for rare earths supported Lynas’ business during FY22 half-year with a significant increase in its yearly revenue.

Shares of ASX-listed rare earths company, Lynas Rare Earths Limited (ASX:LYC), closed 2.224% higher at AU$10.570 per share today.

Although there’s no specific announcement by the company, investors have been keeping the stock on their radar.

Lynas has been one of the strongest performers over the last 12 months and has gained around 8% since its FY22 half-yearly results.


 


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