Lynas Rare Earths shares drop 7% to eight-month low on Meteoric acquisition
Investors punished the rare-earths miner's $672 million deal for Meteoric even as the purchase was meant to secure new supply.
Lynas Rare Earths shares fell 7% to an eight-month low after the company announced a $672 million deal to acquire Meteoric, according to Investing.com.
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