Lynas's partnership deal with South Korean magnet producer JS Link highlights the strategic value of its separated rare-earth production, says Macquarie. The bank reiterates an outperform rating and target price of 22 Australian dollars on the ASX-listed Lynas. "We continue to see value in LYC, underpinned by its strategic position as the largest ex-China producer of separated rare earths and growing downstream integration opportunities," Macquarie says. Shares are down 2.6% at A$17.59 amid a broad fall in Australian mining stocks. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
Dow Jones Newswires
JS Link Deal Shows Strategic Value of Lynas's Separated Rare-earths Output — Market Talk
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Lynas's partnership deal with South Korean magnet producer JS Link highlights the strategic value of its separated rare-earth production, says Macquarie. The bank reiterates an outperform rating and target price of 22 Australian dollars on the ASX-listed Lynas. "We continue to see value in LYC, und…