Lynas founder backs mooted rare earths mega-merger with MP Materials

News Snapshot:

“Lynas confirms it has held confidential discussions with MP Materials Corp regarding a potential transaction, however, these discussions are not ongoing,” the company at the weekend. “Lynas is implementing a strong organic growth plan. In addition, Lynas continues to seek opportunities to use our proven expertise to build scale, improve market functioning and add value for shareholders.” The talks with MP Materials came on the back of a collapse in prices and new Chinese trade restrictions. China banned the export of rare earth extraction and separation technologies in December in a move to protect its market dominance, and has previously...