Articles for tag: earth, explore, Lynas, market, Materials, merger, rare, report, turmoil

Merger Talks Spark as Rare Earth Market Fluctuates

Amidst a volatile rare earth market, both Lynas, based in Western Australia, and MP Materials, operating from California’s Mountain Pass, have been grappling with daunting challenges spawned by the steep decline in rare earth prices. MP’s shares have nosedived by over 50% in the past year, whereas Lynas witnessed a staggering decline of approximately 40%. The recent embargo imposed by China on the export of rare earth extraction and separation technologies has been sparking fervid speculation, apparent in its quest to sustain its market supremacy amidst worsening relations with the US – a suitor thirsty for the rare earth elements.