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Lynas Rare Earths Ltd (ASX: LYC) shares could well be on many market watchers’ bucket lists after the company posted more than $900 million of revenue for financial year 2022 – marking an 88% year-on-year increase.

That was driven by rising demand for the rare earths materials produced by the company, which in turn bolstered prices.

The company produced 15,970 tonnes of rare earths in financial year 2022 and boasted an average selling price of $60.30 per kilogram.

But what are rare earths materials actually used for? Let’s take a look at where the materials will likely end up.

Right now, Lynas shares are swapping hands for $7.545 apiece.

What are rare earths used for?

Interested in Lynas shares but unsure of the role that rare earths play? You’ve come to the right place.

Rare earths are a group of 15 elements including neodymium, lanthanum, cerium, praseodymium, and promethium, plus yttrium.

Many are used to make high-power magnets, while others can be used in electronic, optical, and catalytic applications.

They are, therefore, often used in petroleum catalytic cracking, glass manufacturing, semiconductors, and electronics.

In fact, you’re likely to find rare earths in the device you’re reading from right now.

And the world will use plenty of rare earths as it works to reach net zero emissions.

The minerals are needed to harness power from wind and to build electric vehicles, according to the International Energy Agency. Rare earths are also found in certain batteries and even fluorescent bulbs.

Under various scenarios analysed by the IEA, demand for rare earths is projected to be four to seven times higher in 2040 than it was in 2020.

Lynas also offers one factor that seemingly makes it more attractive to rare earth consumers.

The company is the largest rare earths producer outside of China, which was responsible for nearly 90% of the world’s rare earths refining in 2019.

Therefore, political tensions can play to Lynas’ advantage. Indeed, the company noted that outside China demand remained strong in financial year 2022.

Lynas share price snapshot

Despite predictions for soaring demand, the Lynas share price has struggled lately.

The stock has slumped 32% since the start of 2022. Though, it’s trading 6% higher than it was this time last year.

For comparison, the S&P/ASX 200 Index (ASX: XJO) has fallen 15% year to date and 12% over the last 12 months.

The post Looking to buy Lynas shares? Here’s what rare earths are actually used for appeared first on The Motley Fool Australia.

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More reading

• The Lynas share price is down 20% this year, so why is management receiving a huge bonus?
• Here are the top 10 ASX 200 shares today
• Lynas share price storms 5% higher: Can it keep rising?
• Lynas share price tumbles again, down 10% this week
• The Lynas share price is sinking 5% amid market mayhem

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Star Entertainment Group Ltd (ASX: SGR) share price is pushing higher on Tuesday.

In afternoon trade, the embattled casino and resorts operator’s shares are up over 1% to $2.67.

What’s going on with the Star share price?

The Star share price is rising on Tuesday after the company responded to the NSW Independent Casino Commission’s (NICC) show cause notice. This relates to the report prepared by Mr Adam Bell SC (the Bell Report) that found “extremely serious governance, risk management and cultural failures” had occurred at its Sydney casino.

According to the release, Star accepts the findings of the Bell Report, including the finding of unsuitability. The company also acknowledges the gravity of the conduct which is raised in the report.

The company stressed that it has taken “significant and urgent remedial steps”, including increased risk, compliance, and security staff, approval of upgrades to surveillance technology as well as permanently exiting junkets and closing the Marquee nightclub.

It is also committed to taking additional necessary and appropriate action in clear timeframes to address the issues raised by the report. This is in the hope that the NICC “can be satisfied that The Star Sydney has taken sufficient steps, and has bound itself to take further steps, so that it may continue to hold its licence.”

Star also highlights that it has made significant changes in its leadership. Noting that “the team to lead us on the path to suitability will be very different to those who led TSEG in the past.”

What’s next?

The future of Star Sydney now rests with the NICC.

It will make a decision on whether to allow the company to continue to hold its licence in due course. It could also fine the company upwards of $100 million.

Though, with the Star share price pushing higher today, it appears as though the market feels the company has potentially done enough to continue holding its licence.

Time will tell if that is the case.

The post Star Entertainment share price lifts on ‘significant and urgent remedial steps’ appeared first on The Motley Fool Australia.

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More reading

• Star Entertainment share price dips as acting CEO resigns
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today
• Star Entertainment share price jumps despite ‘shocking’ report

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Endeavour Group Ltd (ASX: EDV) share price has outperformed the ASX 200 this year, but could it still be a buy?

Endeavour shares have climbed 4% in the year to date. For comparison, the S&P/ASX 200 Index (ASX: XJO) has fallen nearly 13% since the start of the year.

At the time of writing, its shares are up 1.37% today to $7.01 apiece.

Let’s consider the outlook for the Endeavour share price.

Is Endeavour a buy?

Endeavour is an ASX 200 consumer share operating brands including BWS, Dan Murphy’s, Jimmy Brings and ALH Hotels.

Analysts at Goldman Sachs are recommending investors buy the Endeavour share price. Goldman has an $8.10 price target on the company’s shares. This suggests 15% upside on the current share price.

Despite Tasmania’s recent plan to limit player losses on gaming machines, Goldman does not believe this will impact Endeavour shares.

Endeavour sees this Tasmanian plan as “immaterial” to Endeavour’s earnings and is positive on the company’s long-term growth.

EDV has 150 Gaming Machines in TAS (c. 1.2% of total machines) which we estimate contributes to A$6mn in revenue (0.1% of group).

In our view, while this may offer short-term overhang, we have a more constructive view on EDV’s longer-term growth aspirations as it may accelerate the speed of independent publicans exiting the industry due to the increasing cost and complexity of the operating environment.

Endeavour reported a net profit after tax (NPAT) of $495 million in FY22, up 11.2% on the 2021 financial year. Group sales overall for the company were $11.6 billion, on par with FY21. The company declared a final dividend of 7.7 cents per share.

Endeavour share price snapshot

The Endeavour share price has climbed 3.5% in the past year. In the past month, it has fallen 3%, while it has lost 1.5% in the past week.

For perspective, the ASX 200 has shed 12% in the last year.

Endeavour has a market capitalisation of nearly $12.6 billion based on the current share price.

The post The Endeavour share price has slayed the ASX 200 so far this year. Too late to buy? appeared first on The Motley Fool Australia.

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More reading

• Goldman Sachs tips major upside for the Endeavour share price
• Brokers name 3 ASX shares to buy today
• Attention Endeavour shareholders: Here’s some news on your dividends
• 5 things to watch on the ASX 200 on Friday
• How do Endeavour’s dividends stack up against its old parent Woolworths?

Motley Fool contributor Monica O’Shea has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The ASX 200 iron ore miners are racing ahead today following a rebound across the broader market.

Yesterday, the S&P/ASX 200 Index (ASX: XJO) fell 1.60% as investors fled for safe-haven assets such as US treasury bonds.

That brought losses on the ASX to around 5% over the last 3 days, signalling the biggest fall since June.

However, it appears the market is taking a breather with a number of popular ASX shares in the green.

Let’s take a look at how the big miners are performing today.

ASX 200 iron ore miners make a comeback

There are a couple of reasons why shares in the ASX 200 iron ore miners are heading north today despite no company announcements.

The S&P/ASX 200 Resources (ASX: XJR) sector is the best performer across the ASX today with a 2.06% gain.

This has catapulted shares in BHP Group Ltd (ASX: BHP), Rio Tinto Limited (ASX: RIO) and Fortescue Metals Group Limited (ASX: FMG) to climb 2.18%, 2.5% and 3.39% respectively.

The strong turnaround for the benchmark index of Australian resource companies comes after falling a mammoth 5.88% yesterday.

Recently, bearish sentiment impacted global markets following the 75-basis points rate hike by the US Fed and concerns about a looming recession.

However, those worries have since been alleviated for now as a number of blue-chip shares are trading in bargain territory.

For example, BHP and Fortescue shares are entering near year-to-date lows, while Rio Tinto is closing in on its 52-week lows.

Furthermore, the price of iron ore appears to have found the bottom at roughly US$100 per tonne.

This comes as China’s previous extended stimulus package is now paying dividends to its ailing construction and manufacturing sectors.

The Asian powerhouse added more than 1 trillion yuan (US$146 billion) of stimulus to fight against its slowing economy.

As reported by Trading Economics, the steel-making ingredient is currently fetching at US$99.50 a tonne.

The post ASX 200 iron ore miners rally as market rebounds on Tuesday appeared first on The Motley Fool Australia.

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More reading

• The Fortescue share price is handily beating the ASX 200 today
• Down 14% in a month, what’s next for the BHP share price?
• 5 things to watch on the ASX 200 on Tuesday
• Why BHP, Costa, Link, and Syrah shares are dropping
• Why is the Rio Tinto share price rolling 5% lower on Monday?

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Mineral Resources Limited (ASX: MIN) share price is up today amid a recovery in the materials sector.

The ASX 200 miner’s shares are up 4.14%, while the S&P/ASX 200 Materials Index (ASX: XMJ) is one of the best-performing sector indices today with a 2.09% gain.

It might not be surprising, then, that some of Mineral Resources’ peers have also recovered from yesterday’s sell-off. Pilbara Minerals Ltd (ASX: PLS) is up 6.35%, and Newcrest Mining Ltd (ASX: NCM) is rising 0.44%.

In comparison, the S&P/ASX 200 Index (ASX: XJO) is currently enjoying a 0.27% gain.

So what’s going on? Let’s investigate.

What’s going on with the Mineral Resources?

Investors seem to have refreshed their appetites for shares of Mineral Resources after they suffered a sizable loss yesterday, as the Motley Fool reported. The Mineral Resources share price ended the day 7.94% in the red.

The coverage included the fact that a broker rated the company’s shares a hold and that a speculated demerger of its lithium business “could create value”.

Other ASX lithium shares were also sold off on Monday, with some losing as much as 16.9%.

So with the broader market moving upwards and no news announced from the company, investors may surmise that the prices of these and other lithium shares are too good to pass up.

Mineral Resources share price snapshot

The Mineral Resources share price is up almost 11% year to date and 36% over the past 12 months. Meanwhile, the ASX 200 is down 14.5% in 2022 and 12% in the past year.

Mineral Resources has a market capitalisation of $11.79 billion.

The post Why is the Mineral Resources share price gaining 4% on Tuesday? appeared first on The Motley Fool Australia.

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More reading

• Is the Mineral Resources share price a buy right now?
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• Here are the top 10 ASX 200 shares today

Motley Fool contributor Matthew Farley has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) is heading in the right direction at last on Tuesday. In afternoon trade, the benchmark index is up 0.3% to 6,488.7 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are dropping:

Core Lithium Ltd (ASX: CXO)

The Core Lithium share price is down 5% to $1.20. This is despite a number of lithium shares charging higher and Core Lithium releasing a business update. The latter revealed that preparations are underway for the company’s first shipment of direct ship ore spodumene from the Finniss Lithium project before the end of 2022.

Ramsay Health Care Limited (ASX: RHC)

The Ramsay share price has continued its slide and is down a further 3% to $57.42. Investors have been selling this private hospital operator’s shares this week after it revealed that takeover talks with the KKR consortium have now terminated.

Synlait Milk Ltd (ASX: SM1)

The Synlait Milk share price is down 7% to $2.95. This follows the release of the dairy processor’s fully year results this morning. That’s despite Synlait Milk reporting a 21% increase in revenue to NZ$1.66 billion and a 213% jump in adjusted EBITDA to NZ$117.2 million. Management’s commentary for FY 2023 may have spooked investors. It warned that the SAMR registration timeline, a tight labour market, high inflation, and supply chain pressures could materially impact the company’s current guidance.

Virgin Money UK (ASX: VUK)

The Virgin Money share price is down 4% to $2.22. Investors have been selling this UK based bank’s shares this week amid concerns over the state of the British economy. This follows an extremely poor reaction to the government’s new tax cuts that saw the British pound drop to a record low against the US dollar.

The post Why Core Lithium, Ramsay, Synlait Milk, and Virgin Money shares are dropping appeared first on The Motley Fool Australia.

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More reading

• Core Lithium share price falls despite business update
• Why is the Core Lithium share price cratering 9% on Monday?
• Ramsay share price sinks 7% to two-year low on failed takeover deal
• Here’s which ASX lithium shares investors have been loading up on this month
• Which ASX lithium shares are performing best in 2022?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Ramsay Health Care Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Materials Index (ASX: XMJ) is up 2% today, but three lithium and battery minerals ASX shares are soaring higher.

The Ragusa Minerals Ltd (ASX: RAS), Talga Group Ltd (ASX: TLG) and Dundas Minerals (ASX: DUN) share prices are all storming ahead.

Let’s take a look at why these three ASX shares are surging today.

Talga Group

Talga shares are lifting 13% today. The company is developing battery and advanced materials in Sweden for a cleaner future. Today, Talga announced it has signed a non-binding off take term sheet with Automotive Cells Company SE (ACC).

Talga will supply ACC with its flagship lithium-ion battery anode product, Talnode-C, from the Vittangi Anode Project in Sweden. Talga will provide ACC with 60,000 tonnes of Talnode-C over five years.

Ragusa Minerals

Ragusa shares are soaring nearly 30% today. This follows an update on the company’s Northern Territory Lithium Project.

The company released details on its upcoming drilling program at the project. Preparation earthworks including access track and drill pad clearing are now complete.

At a recent site visit, a new pegmatite of 150m outcrop was discovered at the eastern edge of the project area.

Commenting on the news, chair Jerko Zuvela said:

We have a significant opportunity to utilise our exploration and development experience to rapidly progress our NT Lithium Project and realise the massive upside value potential in a Tier 1 jurisdiction close to major infrastructure at a time of record lithium prices.

Dundas Minerals

Dundas Minerals shares are soaring 47% today. The company’s shares have surged 196% since the market close on Friday. This follows the company discovering “massive sulphides” in two drill holes.

The company is exploring the Albany-Fraser Orogen belt in Western Australia. Many samples showed sulphides anomalous in cobalt, nickel, copper and silver.

The post 3 ASX lithium and battery minerals ASX shares going gangbusters today appeared first on The Motley Fool Australia.

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More reading

• Why Brainchip, New Hope, Sayona Mining, and Talga are pushing higher
• Talga share price surges 14% on Mercedes battery anode deal
• Why has this ASX mining share exploded 200% in 2 days?
• Guess which ASX lithium share is rocketing 39% on project news
• Which ASX lithium shares are performing best in 2022?

Motley Fool contributor Monica O’Shea has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Whitehaven Coal Ltd (ASX: WHC) share price is soaring this afternoon as it rebounds from Monday’s slump.

Whitehaven shares are currently up 7.71% to $8.52 after losing 14% in yesterday’s trading session.

It’s also proving a good day for other ASX coal shares. New Hope Corporation Limited (ASX: NHC) shares are gaining 6.02%, Coronado Global Resources Inc (ASX: CRN) is up 3.36%, while the Yancoal Australia Ltd (ASX: YAL) share price is rising 1.67%.

On a broader level, the S&P/ASX 200 Energy Index (ASX: XEJ) is currently climbing 1.98%.

Coal futures are also up 0.64% and are currently trading for US$438 per tonne, according to Trading Economics.

This morning the Fool published bullish comments from a broker about the outlook for coal shares. Let’s cover the highlights.

What did the broker say?

Datt Capital principal Emanuel Datt is particularly bullish on thermal coal, which is consumed to create steam for electricity. Thermal coal is distinguished from metallurgical coal, with the latter used for carbon to create steel.

Datt gave his thoughts on why coal shares retain their importance on the world stage:

Effectively, the thesis behind thermal coal standard is a critical and cheap energy source in a world today that is highly energy constrained after the Russian-Ukraine war and knock-on sanctions. With our positions, we have an earnest on the quality of the product but also the jurisdiction and the location of the production assets itself.

Thermal coal also has the benefit, or what we think will be the benefit of, pretty likely to be higher energy prices throughout the winter months in the northern hemisphere. But also, we will benefit from US dollar exposure and thermal coal has recently had almost one-to-one correlation with US dollar strength of late.

Datt went on to say that the long-term outlook for coal shares is uncertain due to the cyclical nature of commodities and forces of supply and demand.

Whitehaven share price snapshot

The Whitehaven share price is up 207% year to date. Meanwhile, the S&P/ASX 200 Index (ASX: XJO) is down 14% over the same period

Whitehaven Coal has a market capitalisation is $7.56 billion.

The post Whitehaven share price leaps 8% amid ASX 200 coal rally appeared first on The Motley Fool Australia.

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More reading

• Why are ASX 200 coal shares smashing it out of the park on Tuesday?
• ‘Largest exposure’: Why this expert is still bullish on red-hot ASX coal shares
• Why is the Whitehaven share price wilting 10% on Monday?
• Whitehaven Coal shares are on fire, but could there be a looming risk?
• Why Apollo Tourism, OZ Minerals, SSR Mining, and Whitehaven Coal shares are rising

Motley Fool contributor Matthew Farley has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end its losing streak. At the time of writing, the benchmark index is up 0.2% to 6,483.9 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are pushing higher:

Brainchip Holdings Ltd (ASX: BRN)

The Brainchip share price is up 5.5% to 87.5 cents. Investors have been buying this loss-making semi-conductor company despite there being no news out of it. They may believe that recent weakness in the Brainchip share price has created a buying opportunity. That’s despite its market capitalisation still hovering around $1.5 billion.

New Hope Corporation Limited (ASX: NHC)

The New Hope share price is up 6% to $5.73. This appears to have been driven by bargain hunters swooping in after significant weakness on Monday. The coal miner’s shares were down almost 15% yesterday due to a market selloff amid global recession fears.

Sayona Mining Ltd (ASX: SYA)

The Sayona Mining share price is up almost 7% to 23.5 cents. This morning this lithium developer announced that it has awarded a contract to Fournier & Fils to supervise mining operations at the North American Lithium (NAL) operation in Canada. Work will commence from next month, with the restart of production at NAL targeted within the first quarter of 2023.

Talga Group Ltd (ASX: TLG)

The Talga share price is up 14% to $1.35. Investors have been scrambling to buy this technology minerals company’s shares after it entered into a non-binding offtake term sheet with Automotive Cells Company. It is co-owned by major automotive brands Mercedes-Benz and Stellantis, as well as battery company Saft. The agreement will see Talga supply Automotive Cells Company with 60,000 tonnes of its flagship anode product Talnode-C over a five-year term.

The post Why Brainchip, New Hope, Sayona Mining, and Talga are pushing higher appeared first on The Motley Fool Australia.

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More reading

• Talga share price surges 14% on Mercedes battery anode deal
• Sayona Mining share price leaps 7% on lithium project news
• Why are ASX 200 coal shares smashing it out of the park on Tuesday?
• New Hope share price rebounds 10%: Time to buy?
• ‘Largest exposure’: Why this expert is still bullish on red-hot ASX coal shares

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Woodside Energy Group Ltd (ASX: WDS) share price is outperforming on Tuesday following a disappointing start to the week for S&P/ASX 200 Index (ASX: XJO) energy stocks.

The energy giant is backing up its Monday fall with a strong performance today.

At the time of writing, the Woodside share price is $30.63, 1.42% higher than its previous close.

For comparison, the ASX 200 has gained 0.19% right now. Meanwhile, the S&P/ASX 200 Energy Index (ASX: XEJ) is among the market’s leaders, posting a 1.56% rebound.

So, what might be going on with the ASX 200 energy monolith today? Let’s take a look.

Woodside share price partially recovers on Tuesday

The Woodside share price is picking up some of its Monday losses today, joining the ASX 200 energy index in the green.

The sector tumbled a whopping 6.3% yesterday, marking its worst session in more than two years.

Meanwhile, the Woodside share price posted a 4.97% fall, sending it to a near-three-month low point.

Interestingly, the stock’s partial rebound comes amid continuously falling oil prices. Global oil prices slumped around 2.5% to nine-month lows overnight.

The Brent crude oil price dumped 2.4% to trade at US$84.06 a barrel while the US Nymex crude oil price fell 2.6% to US$76.71 a barrel.

The commodity’s suffering comes as the US dollar strengthens, making oil more expensive for those trading in other currencies, Reuters reports.

Still, the Woodside share price is joined in the green by those of many of its ASX 200 oil-focused peers.

Stock in Worley Ltd (ASX: WOR) is up 0.4% right now while that of Santos Ltd (ASX: STO) has gained 0.3%.

But it’s not all green in the sector. The Beach Energy Ltd (ASX: BPT) share price is dragging on the market, falling 1.7% following its near-7% tumble on Monday.

The post Woodside share price rebounds as energy stocks surge on Tuesday appeared first on The Motley Fool Australia.

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More reading

• Why is the Woodside share price tumbling 5% on Monday?
• 5 things to watch on the ASX 200 on Monday
• 2 surprising ASX shares to buy for the energy transition: Wilsons
• Could this nation-first action make an investment in Woodside shares cleaner?
• 5 things to watch on the ASX 200 on Friday

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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