Rinehart’s presence stokes rethink of foiled $10b Lynas-MP merger

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“Given Lynas’ size and scale and MP’s comparable scale, it makes sense. Lynas brings world-class operating and processing capabilities that would benefit MP.” But Ausbil Global Resources portfolio manager James Stewart didn’t see any strategic weakness in Lynas that an acquisition would fix. “I don’t think [Lynas] need to do a deal, particularly now they have got that separation capacity at both Kalgoorlie and Malaysia,” he said. Asked about a potential combination of Lynas’ Australian and Malaysian assets with MP’s North American assets, Mr Stewart concluded: “I can’t see too many synergies.” Lynas shares jumped more than 6 per cent...