LYC.AX - Lynas Corporation Limited

ASX - ASX Delayed Price. Currency in AUD
2.5300
-0.0700 (-2.69%)
At close: 4:10PM AEDT
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Previous Close2.6000
Open2.6000
Bid2.5300 x 0
Ask2.2800 x 0
Day's Range2.5100 - 2.6000
52 Week Range1.4800 - 3.1600
Volume3,148,168
Avg. Volume5,047,192
Market Cap1.759B
Beta (3Y Monthly)-0.66
PE Ratio (TTM)22.00
EPS (TTM)0.1150
Earnings DateOct 22, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est3.38
  • Financial Times

    How Xi Jinping threw Malaysian rare earths a lifeline

    Malaysia’s decision to let a controversial rare earths facility continue operating reflects shifting views about the importance of the strategic metals amid growing competition between a rising China and a still-dominant US. After months of wrangling, the government said in August that a three-year operating licence for the processing facility owned by Australia’s Lynas would only be extended for six months. Lynas declined to comment.

  • Reuters

    UPDATE 2-U.S., Australia to unveil plan Friday to improve rare earth mineral supply

    U.S. President Donald Trump and Australian Prime Minister Scott Morrison are set to release a plan on Friday aimed at securing the supply of rare earth minerals, a senior administration official said, as concerns grow that China could cut off shipments of the prized commodities. The plan will be unveiled during a state visit by Morrison to the White House, where space cooperation and plastic waste management will also be discussed, the official said on Thursday.

  • Thomson Reuters StreetEvents

    Edited Transcript of LYC.AX earnings conference call or presentation 29-Aug-19 10:59am GMT

    Full Year 2019 Lynas Corporation Ltd Earnings Call

  • Malaysia defends move to extend licence for rare earth firm Lynas
    Reuters

    Malaysia defends move to extend licence for rare earth firm Lynas

    Malaysia's government said on Wednesday its decision last month to extend a licence for Australia's Lynas Corp for processing rare earth minerals aimed to show investors that the Southeast Asian nation was open for business and preserve 600 jobs. Some politicians within Prime Minister Mahathir Mohamad's ruling coalition had promised to halt the firm's operations when campaigning in the May 2018 election, after concerns were raised by politicians and activists about the production of radioactive waste from the process.

  • Reuters

    CORRECTED-Malaysia defends move to extend licence for rare earth firm Lynas

    Malaysia's government said on Wednesday its decision last month to extend a licence for Australia's Lynas Corp for processing rare earth minerals aimed to show investors that the Southeast Asian nation was open for business and preserve 600 jobs. Some politicians within Prime Minister Mahathir Mohamad's ruling coalition had promised to halt the firm's operations when campaigning in the May 2018 election, after concerns were raised by politicians and activists about the production of radioactive waste from the process.

  • Reuters

    UPDATE 2-Australia's Lynas says profit jumps 50 pct, eyes further growth

    Australian rare earths producer Lynas Corp posted a 50% jump in annual profit on Thursday on record production, and said it is still to decide on a site for a planned heavy rare earths processing plant. Lynas, the largest rare earths producer outside China, reported net profit of A$80.0 million ($54.0 million) for the year to June 30, up from A$53.1 million a year ago. The result comes amid an increased focus on the sector's supply chain due to concerns that China may use its dominant position in rare earths as a tool in its trade war with the United States.

  • Reuters

    UPDATE 1-Pentagon in talks with Australia on rare earths plant -official

    The U.S. Department of Defense is in talks with Australia to host a facility that would process rare earth minerals, part of an effort to reduce reliance on China for the specialized materials used in military equipment, a senior American official said. The push comes as China threatens to curb exports to the United States of rare earths, a group of 17 minerals found in fighter jets, tanks and high-tech consumer electronics.

  • Reuters

    RPT-Get cracking: Lynas scouts for rare earths plant to meet Malaysian demands

    Deep in the Australian outback, rare earths miner Lynas Corp is assessing its options for an initial processing plant, as it looks to soothe concerns in Malaysia about radioactive waste. Lynas has four years to build a plant that will remove low-level radioactivity from the material it ships to the Southeast Asian nation for separation into elements vital for products ranging from fighter jets to wind farms. The so-called cracking and leaching plant is one of two conditions Malaysia placed on the company when it recently renewed its licence, which will be reviewed again in six months.

  • Reuters

    FOCUS-California rare earths miner races to refine amid U.S.-China trade row

    The owner of the only U.S. rare earths mine is going on a hiring spree as it looks to significantly boost production, part of a strategy to build out American refining capability after China raised tariffs on the minerals amid an escalating trade war. By next year, MP Materials aims to be the first U.S. company to refine rare earths since 2015 when Molycorp Inc, the former owner of California's Mountain Pass mine, went bankrupt, executives said. The mine has relied on China for rare earth processing, fueling national security concerns.

  • Reuters

    UPDATE 1-Australia's Wesfarmers says it won't pursue rare earths miner Lynas

    Noting Lynas' receipt of a renewed operating licence for its Malaysian processing plant earlier in the day, Wesfarmers said it "has been unable to progress a proposal". In April, Wesfarmers said it was still interested in acquiring the only major producer of rare earth elements outside China and could table a less conditional bid after its earlier offer was rebuffed by Lynas' board.

  • Thomson Reuters StreetEvents

    Edited Transcript of LYC.AX earnings conference call or presentation 29-Jul-19 12:00am GMT

    Q4 2019 Lynas Corporation Ltd Earnings Call

  • Malaysia extends licence for rare earth miner Lynas' operations for six months
    Reuters

    Malaysia extends licence for rare earth miner Lynas' operations for six months

    Malaysia on Thursday renewed the operating licence for a rare earths processing plant owned by miner Lynas Corp for six months with new conditions, an extension shorter than investors and industry analysts had expected. The Australian-listed firm is the only major proven producer of rare earths outside China, and the decision to renew its licence comes as markets are concerned that the industry may get embroiled in the trade war between Beijing and Washington. Under the conditions imposed by Malaysia, Lynas will have to identify a site for a permanent facility to store its low-level radioactive waste within six months or obtain consent from another country to take the waste.

  • Malaysia PM says cannot force rare earths firm Lynas to leave country
    Reuters

    Malaysia PM says cannot force rare earths firm Lynas to leave country

    Malaysia cannot force rare earths miner Lynas Corp to leave despite opposition from some people who fear the risk of radioactivity from waste at the firm's processing plant, the nation's state news agency cited the prime minister as saying. The Australian company has been running the plant in Malaysia since 2012 using rare earths mined from Mount Weld in Western Australia. The Malaysian government is expected to make a decision on renewing its operating licence by mid-August.

  • Exclusive: Malaysia plans to extend licence for rare earths producer Lynas - sources
    Reuters

    Exclusive: Malaysia plans to extend licence for rare earths producer Lynas - sources

    Malaysia plans to extend Lynas Corp's licence to operate a rare earths processing plant, though it could be for a shorter duration than the usual three years, two sources with direct knowledge of the matter said. The Australian company has been running the plant in Malaysia since 2012 using rare earths mined from Mount Weld in Western Australia, despite a dispute over the removal of low-level radioactive waste produced by the plant. A decision to extend the licence by a Sept. 2 deadline is important for the market for rare earths, as Lynas is the biggest producer outside China.