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

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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.

Australia equities

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