AustralianSuper Ups Stake in Lynas Rare Earths

Lynas Rare Earths Limited (AU:LYC) has released an update.

AustralianSuper Pty Ltd has increased its stake in Lynas Rare Earths Ltd, with voting power rising from 7.40% to 8.50% as of August 2, 2024. This change represents a significant shift in interests for the substantial holder since their last notice on July 18, 2024. The move by AustralianSuper underscores a growing confidence in the rare earths producer, potentially signaling a strategic investment direction.

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