Lynas refuses to risk staff in virus hot spot

Original article by Brad Thompson
The Australian Financial Review – Page: 28 : 27-Nov-20

The US military is providing funding for a rare earths processing plant to be built in Texas under a partnership between Australian-listed rare earths producer Lynas Corporation and US-based Blue Line. The Pentagon wants the plant to be built to end to China’s dominance of "commercial-scale" separation of heavy rare earths materials. However, Lynas MD Amanda Lacaze has told its AGM that the plant could be delayed as it will not built without the involvement of its engineers, and she will not send anyone to Texas while COVID-19 cases in the state are so high. It is estimated that the plant will cost around $US50 million ($68 million).

CORPORATES
LYNAS CORPORATION LIMITED – ASX LYC, BLUE LINE

Powell’s equities lift: we’re not out of ammo

Original article by David Rogers
The Australian – Page: 20 : 19-May-20

The Australian sharemarket has been bolstered by encouraging comments from US Federal Reserve chairman Jerome Powell. He indicated that there is "almost no limit" to the central bank’s monetary stimulus in response to the coronavirus pandemic; Powell has also forecast that the US economy will steadily recover during the second half of 2020, in the absence of a second wave of virus infections. The Federal Reserve’s balance sheet has increased by 67 per cent to $US6.93trn since February, although the central bank has been winding back its quantitative easing program since mid-March.

CORPORATES
UNITED STATES. FEDERAL RESERVE BOARD, STANDARD AND POOR’S ASX 200 INDEX