Look at the recent takeover action in the mining sector of late….
- BHP has bought OZ Minerals (OZL)
- Glencore bidding for Teck Resources
- Newmont wanting to merge with Newcrest (NCM)
- Albemarle trying for Liontown(LTR)
- Twiggy buying Mincor (MCR)
With rampant inflation in the mining sector it has become very obvious to us that it is cheaper to BUY than BUILD, so we expect the run of M&A to continue.
The globally strategic and unique rare earths miner Lynas (LYC) surely has to be at the top of the list to receive a takeover bid. With China pretty much controlling the market for rare earths there is a scramble going on in the Western world to secure supply.
Highlighted below in YELLOW should explain why….
Owner of Mt Weld – arguably the most incredible deposit of rare earths in the world!
It’s always good to own things that are RARE….so BUY into LYC before one of the majors beats you to it!