REE Charts

[MWM]

Meanwhile, rare earths producer Lynas Corporation has been garnering a lot of positive reviews off-late, however, analysts at Citigroup don’t seem all that convinced, According to The Australian Financial Review, Citigroup has initiated coverage on Lynas with a sell rating, saying that the recent rise in rare earth oxide prices is unsustainable. The analysts say that the bullish supply demand dynamics currently in the market is set to moderate going forward and will lead to lower prices. Take that into account with the fact that Lynas still has to get its processing plant up and running in Malaysia and maybe everything is not as rosy as it seems.

Citi $1.80 price target