2201 GMT - The biggest near-term bottleneck for rare-earths miner Lynas is the market, says UBS analyst Dim Ariyasinghe. In a note, Ariyasinghe says UBS is not concerned about Lynas's balance sheet. Rather, "focus remains on the market and, with it, Lynas's ability to increase capacity utilization." Prices are improving, albeit more slowly than UBS would have liked, says Ariyasinghe. Next, the market will be watching China's 1H production quota, which is expected within weeks. UBS has a buy rating and A$7.95/share target on Lynas. The stock ended Friday at A$6.79. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
March 02, 2025 17:01 ET (22:01 GMT)
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