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by Megan Stals

How to buy DY6 Metals Ltd (DY6) Shares

Mining company DY6 metals is searching for rare earths and other critical minerals in Malawi.

Want to start buying DY6 shares but not sure how? Follow the steps below to invest in DY6 Metals on the ASX.

1. Find a stock trading platform

To buy shares listed in Australia, you'll need to sign up with an investment platform that has access to the ASX. There are a number of investment platforms in Australia, of which Stake is one.

2. Fund your account

Complete an application with your personal and financial details. Fund your trading account with a bank transfer, debit card or even Apple/Google pay.

3. Search for DY6 Metals Ltd ($DY6)

Find the share by company name or ticker symbol: $DY6. Do your own research to ensure it is the right investment product for your own circumstances.

4. Choose an order type and buy DY6 stock

Buy on any trading day with a market order or use a limit order to delay your purchase of DY6 shares until it reaches your desired stock price. Look into dollar cost averaging to spread out your risk, which smooths out buying at consistent intervals.

5. Monitor your investment

Optimise your portfolio by tracking how your stock and the business perform with an eye on the long term. You may be eligible for dividends and shareholder voting rights that affect your stock.

DY6 Metals Ltd overview

Mining company DY6 Metals has listed on the ASX and aims to explore its landholdings for several metals. They’re looking at three prospective projects in southern Malawi with heavy rare earth elements (HREE) and other minerals. 

The Machinga asset has potential for heavy rare earth elements (HREE), niobium, tantalum and zirconium. There has been some historical exploration at the site, but DY6’s is planning a new drill program to gather further information about its geology.  

The Salambidwe Project is located near the border with Mozambique. Similarly, the team believes the area could have HREE, niobium and tantalum minerals. They are searching for platinum group metals, mainly palladium, copper and nickel at the Ngala Hill asset. 

HREEs like dysprosium and terbium are valued for their use in magnets in wind turbines and EVs, as well as various other technologies. The company’s name is derived from the chemical symbol for dysprosium (DY) and its place on the periodic table, which is number 66. 

Niobium is mainly used in alloys and is a key ingredient to help strengthen metals like steel. Most of the demand for tantalum comes from its use in electronic components. Zircon is predominantly used in ceramics, but also has various industrial applications. 

Malawi’s mining industry has attracted interest in recent times, as demand for these metals grows with the green transition. Only time will tell whether DY6 is successful in its search for minerals and plans to develop the projects. 

DY6 Metals Ltd (DY6) IPO details

DY6 Metals Ltd has filed its prospectus with the Australian Securities and Investments Commission (ASIC) in order to be listed on the ASX using the ticker symbol DY6. Read more in the DY6 Metals Ltd prospectus.

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You can take a look at the top shareholders in Dy6 in this document.

If you're considering investing in the DY6 Metals Ltd or other upcoming IPOs, sign up today.

This article focuses on how to buy specific securities, however, it is not a recommendation to invest in them and should not be taken as financial advice. Do your own research and make your own decisions, or even consider getting advice from a licensed financial adviser before investing.

Portrait photo of Megan Stals, Market Analyst at Stake.

Megan Stals

Market Analyst

Megan is a markets analyst at Stake, with 7 years of experience in the world of investing and a Master’s degree in Business and Economics from The University of Sydney Business School. Megan has extensive knowledge of the UK markets, working as an analyst at ARCH Emerging Markets - a UK investment advisory platform focused on private equity. Previously she also worked as an analyst at Australian robo advisor Stockspot, where she researched ASX listed equities and helped construct the company's portfolios.

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