Shares in Lynas Rare Earths spiked after MP signed a deal with the Pentagon, but is it really such good news for Australia’s rare earths pioneer?

A leading expert delivers his verdict on the outlook for Lynas shares. The post Up 29% in a year, are Lynas shares still a good buy today? appeared first on The Motley Fool Australia.

Australian rare earths miners Lynas Rare Earths and Iluka Resources soared on Friday, riding the coat-tails of a landmark Pentagon deal that analysts say could reshape the global industry.

Lynas Rare Earths is the leading ex-China REE producer that is profitable. Over the past 30 months, LYSDY has invested nearly $1.5 billion to expand its capacity using funds from internal revenues, the US government, and a Japanese equity partner.

Shares of Australia's Lynas Rare Earths climbed on Thursday to their highest point in more than two years, after global automakers warned that China's export restrictions on rare-earth materials could lead to production delays.

Jamie Spencer was incredibly positive aboard 22-1 shot Point Lynas from the off, breaking smartly and building up a sizeable advantage that he maintained until the turn for home but couldnt repel the

Never So Brave charged home to catch leader Point Lynas and take the Group 2 Cornish Orchards Summer Mile Stakes at Ascot. It is a first Group race success for the four-year-old who was upped in grade after an easy success in the Buckingham Palace Stakes at Royal Ascot last month.

Never So Brave ran down the long-time leader Point Lynas to win the Cornish Orchards Summer Mile Stakes at Ascot.