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Lynas Rare Earths : Australia s Lynas posts record revenue on robust demand, shares hit 8-year high
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5 things to watch on the ASX 200 on Monday 26 July 2021
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Asian Open: ASX 200 and CRB Commodity Index Eye New Highs
Matt Simpson July 22, 2021 10:53 PM
Sentiment has continued to improve which has provided a tailwind for commodities in general, and the CRB index and ASX 200 show the potential to break to new highs. Share:
Asian Futures:
Australia s ASX 200 futures are up 2 points (0.03%), the cash market is currently estimated to open at 7,388.40
Japan s Nikkei 225 futures are up 350 points (1.27%), the cash market is currently estimated to open at 27,898.00
Hong Kong s Hang Seng futures are down -57 points (-0.21%), the cash market is currently estimated to open at 27,666.84
UK and Europe:
Europe s Euro STOXX 50 index rose 32.37 points (0.8%) to close at 4,059.05
Australia grants Lynas $11 million for new rare earth refining process Reuters 10 hrs ago © Reuters/Melanie Burton A truck carrying rare earths travels towards Lynas Corp s Mount Weld processing plant, in Western Australia
(Reuters) - Lynas Rare Earths Ltd said on Thursday it got a A$14.8 million ($10.9 million) grant from Australia to commercialise a new mineral refining process that produces high-purity rare-earth carbonate.
The grant comes as nations worldwide look at ways to curb their reliance on China for the specialised minerals, which are used in a range of products including electric vehicles, smartphones and military equipment.
Lynas, the world s largest producer of rare earths outside China, said the new refining process would be used at its upcoming A$500 million processing facility in Kalgoorlie, Western Australia.
Australia grants Lynas $11 mln for new rare earth refining process
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