Macquarie has downgraded Lynas Corporation (ASX:LYC) to neutral from outperform due to weak demand

Livewire News

Macquarie has downgraded Lynas Corporation (ASX:LYC) to neutral from outperform due to weak demand. Rare earth prices have declined by approximately 50% since the end of April with the spot price for a typical light rare earth basket reported to be US$16-20kg.


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