10 Best Rare Earth Stocks to Buy Now

7. Lynas Rare Earths ADR (OTCMKTS:LYSDY)

Year-to-Date Returns: 85.15%

Number of Hedge Fund Holders: N/A

Lynas Rare Earths ADR (OTCMKTS:LYSDY) is one of the best rare earth stocks to buy now. On July 25, JPMorgan upgraded the stock to a ‘Neutral’ from an ‘Underweight’ and increased its price target to AUD10.00 from AUD4.90. The adjustment follows the company’s delivery of solid quarterly results, which affirmed robust production.

The company produced 2.1kt of NdPr oxide, exceeding JPMorgan’s forecast by 22%. The average basket selling price was $60 per kg, outperforming estimates by 22%. The higher price tag offset high production costs and capital expenditure.

In addition, JPMorgan is buoyed by Lynas Rare Earths inking a non-binding memorandum of understanding with JS Link for the supply of rare earth metals to be used for magnet production in Malaysia.

Lynas Rare Earths ADR (OTCMKTS:LYSDY) is a company that mines and processes rare earth materials, essential components for various high-tech and green technologies. It extracts rare earth minerals from its Mt Weld mine in Western Australia and processes them at its facilities in Malaysia and Kalgoorlie.