Politicians are prone to household names when it comes to their share portfolios, making Lynas’ popularity something of an exception.
Like all good patriots, federal MPs are not particularly global in their investment choices. Retail-friendly Australian consumer stocks feature heavily in their portfolios, with shares in Telstra by some margin the most likely investment for an elected member of the 47th parliament ., NAB , ANZ and BHP are also popular, analysis of parliamentary disclosures by OpenPolitics shows.
But after a few more household names comes one that’s somewhat surprising in the $8 billion Lynas Rare Earths, which is held in the share portfolios of no less than seven MPs., is the only large producer of refined rare earths outside China, and so is generally seen to profit from geopolitical tension. Its share price has risen threefold in the past three years. Though its parliamentary fans are generally not, for what it’s worth, noted China hawks.
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