Lynas linked to rare earth mega-merger as price cuts bite

News Snapshot:

Both Lynas and MP have been hit hard by plunging prices. MP shares are down more than 50 per cent over the last 12 months; Lynas shares have fallen about 40 per cent. China banned the export of rare earth extraction and separation technologies late in December in a move to protect its market dominance. It has also raised the spectre of cutting off supply at flash points in its relationship with the US. Lynas told The Australian Financial Review last year that it was looking for acquisitions to capitalise on the needs of its customers, including the US Department...