Lynas Uncommon Earths (OTCPK:LYSCF) mentioned it had confidential talks with MP Supplies (NYSE:MP) concerning a potential deal, however these talks are “not ongoing.”
Lynas (OTCPK:LYSCF) responded to media hypothesis concerning a possible take care of MP Supplies (MP).
“Lynas is implementing a robust natural progress plan” the corporate mentioned in a statement on Saturday. As well as, Lynas continues to hunt alternatives to make use of our confirmed experience to construct scale, enhance market functioning and add worth for shareholders.
On Friday Australian Monetary Evaluation reported that MP Supplies (MP) and Lynas Uncommon Earths (OTCPK:LYSCF) may be working on a deal that will carry collectively the world’s two greatest non-China producers of uncommon earths supplies.
Each MP Supplies(MP), with its operations at California’s Mountain Cross, and Lynas (OTCPK:LYSCF), with a mine in Western Australia and a plant in Malaysia, have been hit arduous by plunging uncommon earths costs.
MP Supplies (MP) rose 6.4% on Friday.
MP Materiasl (MP) is scheduled to report This autumn outcomes on Feb. 22 the company announced on Friday.
Lynas Uncommon Earths (OTCPK:LYSCF) mentioned it had confidential talks with MP Supplies (NYSE:MP) concerning a potential deal, however these talks are “not ongoing.”
Lynas (OTCPK:LYSCF) responded to media hypothesis concerning a possible take care of MP Supplies (MP).
“Lynas is implementing a robust natural progress plan” the corporate mentioned in a statement on Saturday. As well as, Lynas continues to hunt alternatives to make use of our confirmed experience to construct scale, enhance market functioning and add worth for shareholders.
On Friday Australian Monetary Evaluation reported that MP Supplies (MP) and Lynas Uncommon Earths (OTCPK:LYSCF) may be working on a deal that will carry collectively the world’s two greatest non-China producers of uncommon earths supplies.
Each MP Supplies(MP), with its operations at California’s Mountain Cross, and Lynas (OTCPK:LYSCF), with a mine in Western Australia and a plant in Malaysia, have been hit arduous by plunging uncommon earths costs.
MP Supplies (MP) rose 6.4% on Friday.
MP Materiasl (MP) is scheduled to report This autumn outcomes on Feb. 22 the company announced on Friday.