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Lynas Rare Earths Limited (LYC.AX)

6.38

-0.02

(-0.31%)

At close: 4:10 PM GMT+10

Lynas Rare Earths' revenue slumps, misses expectations

MELBOURNE (Reuters) -Australian miner Lynas posted a slump in third-quarter sales revenue on Wednesday, missing analyst expectations on the back of a plunge in prices for rare earths, while it flagged higher costs at a project in Western Australia. Prices of rare earths were fairly weak during the third quarter, as increased production in China, the top producer, and slower-than-expected demand growth recovery remained a drag. "The market continues to be less than kind to us and to anybody else in rare earths sector," CEO Amanda Lacaze told analysts on a quarterly call, noting a "slight improvement in price, but not at a significantly accelerated rate."

Reuters 20 hours ago

LYC.AX
-0.31%
Australia’s Richest Person Increases Stake in Lynas Rare Earths

Australia’s richest person increased her stake in Lynas Rare Earths, prompting the miner’s shares to jump more than 5%.

The Wall Street Journal 7 days ago

MP

LYSCF

LYSDY
Billionaire Gina Rinehart Builds Stake in Lynas Rare Earths

(Bloomberg) -- Gina Rinehart has amassed a near-6% stake in Lynas Rare Earths Ltd., adding to the iron ore billionaire’s portfolio of stakes in critical mineral producers vital to the energy transition and lifting shares in the Australian producer.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingWhat If Fed Rate Hikes Are Actually Sparking US Economic Boom?China Tells Iran Cooperation Will Last After Attack on IsraelPowell Signals Rate-Cut Delay After Run of In

Bloomberg 7 days ago

LYC.AX
-0.31%
Australia's Rinehart takes stake in Lynas Rare Earths, shares jump

MELBOURNE (Reuters) -Australia's richest person, Gina Rinehart, become a substantial shareholder in Lynas Rare Earths, the largest producer of rare earths outside of China, an exchange filing showed late on Tuesday. The stake, taken by Rinehart's privately held Hancock Prospecting, is fuelling speculation of sector consolidation, after the magnate acted as a kingmaker in Australian lithium, and following merger talks between Lynas and the next biggest Western rare earths miner, MP Materials, earlier this year.

Reuters 7 days ago

LYC.AX
-0.31%
MP
Are Lynas Rare Earths Limited's (ASX:LYC) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?

With its stock down 16% over the past three months, it is easy to disregard Lynas Rare Earths (ASX:LYC). But if you pay...

Simply Wall St. 18 days ago

LYSDY
Lynas Rare Earths' (ASX:LYC) investors will be pleased with their splendid 274% return over the last five years

It hasn't been the best quarter for Lynas Rare Earths Limited ( ASX:LYC ) shareholders, since the share price has...

Simply Wall St. last month

LYC.AX
-0.31%
Lynas Rare Earths Limited Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

The half-yearly results for Lynas Rare Earths Limited ( ASX:LYC ) were released last week, making it a good time to...

Simply Wall St. last month

LYC.AX
-0.31%
UPDATE 5-Australia's Lynas Rare Earths quits tie-up talks with MP Materials

Australia's Lynas Rare Earths said on Monday confidential talks have ended with U.S.-based MP Materials for a possible merger that industry sources said would have been difficult for the sides to agree on a value. Lynas is the world's biggest producer of rare earths outside of China, and MP is the biggest in the United States. China is the world's top rare earths consumer and producer, controlling some 87% of global rare earths refining capacity, according to the International Energy Agency.

Reuters 2 months ago

LYSDY

MP
Lynas Rare Earths Limited's (ASX:LYC) largest shareholders are individual investors with 57% ownership, institutions own 40%

Key Insights Significant control over Lynas Rare Earths by individual investors implies that the general public has...

Simply Wall St. 2 months ago

LYSDY
Rare-earths miner Lynas' Q2 revenue halves on falling prices, lower China demand

Australia's Lynas Rare Earths said on Monday its second-quarter revenue fell sharply, missing analysts' estimates, as prices plunged during a slowdown in construction activity in China, sending its shares to 30-month lows. Rare earth prices during the quarter extended declines as demand in China, especially in the country's appliance sector, fell with the construction downturn, said Lynas, the world's largest producer of rare-earths outside China.

Reuters 3 months ago

LYSDY
Lynas Rare Earths' (ASX:LYC) Returns Have Hit A Wall

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Simply Wall St. 3 months ago

LYSDY
LYSDY or WPM: Which Is the Better Value Stock Right Now?

LYSDY vs. WPM: Which Stock Is the Better Value Option?

Zacks 4 months ago

WPM

LYC.AX
-0.31%
LYSDY vs. WPM: Which Stock Is the Better Value Option?

LYSDY vs. WPM: Which Stock Is the Better Value Option?

Zacks 4 months ago

WPM

LYC.AX
-0.31%
Activists demand transparency over Malaysia's move to extend Lynas Rare Earth's operations

Environmental activists voiced disappointment Wednesday at Malaysia's decision to allow Lynas Rare Earths to continue operations until March 2026, and demanded more transparency on plans by the Australian miner to extract a radioactive element from its growing waste. The government Tuesday said it allowed Lynas to continue to import and process rare earths at its refinery in central Pahang state, reversing a decision for such activities to halt by Jan. 1. This came after Lynas proposed a method to draw out thorium, the radioactive element, from raw feedstock and from over a million tons of waste accumulated at its refinery.

Associated Press Finance 5 months ago

LYC.AX
-0.31%
Rare-earths miner Lynas jumps as Malaysia allows key plant extension

Shares of Lynas Rare Earths hit their highest in over a month on Wednesday, extending gains, after Malaysia allowed the miner to operate its flagship refinery locally with a variation to the operating licence. The government of Malaysia said on Tuesday it will allow Lynas Malaysia, which has been operating in central Pahang state since 2012, to import raw materials containing natural radioactive material and process rare earths until March 2026 after a long-running regulatory battle. The licence extension comes despite concerns raised in recent years by Malaysia regarding radiation levels from the cracking and leaching operations during raw material processing.

Reuters 5 months ago

LYC.AX
-0.31%
Malaysia gives nod for Australian miner Lynas to import, process rare earths until March 2026

Malaysia's government said Tuesday it will allow Lynas Rare Earth to continue to import and process rare earths until March 2026, after the Australian miner proposed a new technology to extract radioactive elements from the waste it produces. The Lynas refinery in Malaysia, its first outside China producing minerals that are crucial to high-tech manufacturing, has been operating in central Pahang state since 2012. The government had ordered Lynas to move its leaching and cracking processes — which produce the radioactive waste from Australian ore — out of the country by the year's end.

Associated Press Finance 5 months ago

LYC.AX
-0.31%
Lynas Rare Earths Limited's (ASX:LYC) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?

Lynas Rare Earths (ASX:LYC) has had a rough month with its share price down 11%. But if you pay close attention, you...

Simply Wall St. 5 months ago

LYC.AX
-0.31%
Australia's Lynas to upgrade Malaysian rare earth refinery amid dispute over operating license

Australian miner Lynas Rare Earths said Friday that it will temporarily shut down most of its operations in Malaysia for upgrading as it deals with a legal battle with the Malaysian government over its operating license. Lynas said in a report to investors that a Malaysian court is set to hear in November its application for a stay to allow it keep operating while other administrative and legal appeals are being heard. The Lynas refinery in Malaysia, its first outside China producing minerals that are crucial to high-tech manufacturing, has been operating in central Pahang state since 2012.

Associated Press Finance 6 months ago

LYC.AX
-0.31%
Australia's Lynas plans temporary shutdown of Malaysia ops, shares fall

(Reuters) -Australia's Lynas Rare Earths said on Friday it planned to shut all operations in Malaysia on a temporary basis, except a mixed rare earth carbonate processing plant in the December quarter, with minimal volumes of the raw material processed during the interim shutdown. Lynas' Malaysian operations have been a sore point for the company, with the country's government raising concerns about the radiation levels from cracking and leaching for the last couple of years and Prime Minister Anwar Ibrahim warning of a policy to ban exports of rare earth raw materials. It will implement an upgrade to its downstream operations at Lynas Malaysia to increase production of neodymium-praseodymium (NdPr) to about 10,500 metric tons per annum.

Reuters 6 months ago

LYC.AX
-0.31%
Lynas Rare Earths' (ASX:LYC) five-year total shareholder returns outpace the underlying earnings growth

Lynas Rare Earths Limited ( ASX:LYC ) shareholders might be concerned after seeing the share price drop 11% in the last...

Simply Wall St. 6 months ago

LYC.AX
-0.31%

Performance Overview

Return	LYC.AX	S&P/ASX 200 [XJO]
YTD	-10.89%	+1.21%
1-Year	-5.06%	+4.93%
3-Year	+16.42%	+8.81%

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Lynas Rare Earths Limited (LYC.AX)

Lynas Rare Earths' revenue slumps, misses expectations

Australia’s Richest Person Increases Stake in Lynas Rare Earths

Billionaire Gina Rinehart Builds Stake in Lynas Rare Earths

Australia's Rinehart takes stake in Lynas Rare Earths, shares jump

Are Lynas Rare Earths Limited's (ASX:LYC) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?

Lynas Rare Earths' (ASX:LYC) investors will be pleased with their splendid 274% return over the last five years

Lynas Rare Earths Limited Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

UPDATE 5-Australia's Lynas Rare Earths quits tie-up talks with MP Materials

Lynas Rare Earths Limited's (ASX:LYC) largest shareholders are individual investors with 57% ownership, institutions own 40%

Rare-earths miner Lynas' Q2 revenue halves on falling prices, lower China demand

Lynas Rare Earths' (ASX:LYC) Returns Have Hit A Wall

LYSDY or WPM: Which Is the Better Value Stock Right Now?

LYSDY vs. WPM: Which Stock Is the Better Value Option?

Activists demand transparency over Malaysia's move to extend Lynas Rare Earth's operations

Rare-earths miner Lynas jumps as Malaysia allows key plant extension

Malaysia gives nod for Australian miner Lynas to import, process rare earths until March 2026

Lynas Rare Earths Limited's (ASX:LYC) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?

Australia's Lynas to upgrade Malaysian rare earth refinery amid dispute over operating license

Australia's Lynas plans temporary shutdown of Malaysia ops, shares fall

Lynas Rare Earths' (ASX:LYC) five-year total shareholder returns outpace the underlying earnings growth

Performance Overview