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Lynas Uncommon Earths (OTCPK:LYSCF) stated it has held confidential discussions with MP Supplies (NYSE:MP) a couple of potential deal, however these talks are “not ongoing.”
Lynas (OTCPK:LYSCF) responded to media hypothesis a couple of potential take care of MP Supplies (MP).
“Lynas is implementing a robust natural progress plan,” the corporate stated in a press release rack on Saturday. As well as, Lynas continues to search for alternatives to make use of our confirmed experience to construct scale, enhance market forces and add worth for shareholders.
On Friday, Australian Monetary Overview reported that MP Supplies (MP) and Lynas Uncommon Earths (OTCPK:LYSCF) could also be engaged on a deal that might convey collectively the world’s two largest non-Chinese language uncommon earth producers.
Each MP Supplies (MP), with its operations in California’s Mountain Go, and Lynas (OTCPK:LYSCF), with a mine in Western Australia and a manufacturing unit in Malaysia, have been hit laborious by plummeting uncommon earth costs.
MP supplies (MP) rose 6.4% on Friday.
MP Materiasl (MP) is anticipated to report fourth-quarter outcomes on February 22, the corporate introduced on Friday.
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