LYC.AX - Lynas Corporation Limited

ASX - ASX Delayed Price. Currency in AUD
2.0200
-0.0200 (-0.98%)
At close: 4:10PM AEST
Stock chart is not supported by your current browser
Previous Close2.0400
Open2.0300
Bid2.2200 x 0
Ask1.8900 x 0
Day's Range2.0100 - 2.0550
52 Week Range1.4800 - 2.9600
Volume1,220,908
Avg. Volume5,127,600
Market Cap1.345B
Beta (3Y Monthly)0.54
PE Ratio (TTM)69.66
EPS (TTM)0.0290
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est3.38
  • Thomson Reuters StreetEvents5 days ago

    Edited Transcript of LYC.AX earnings conference call or presentation 16-Apr-19 12:00am GMT

    Q3 2019 Lynas Corporation Ltd Earnings Call

  • Reuters9 days ago

    Australia's Lynas posts 33 pct jump in Q3 rare earths output, amid takeover interest

    Output of rare earths oxides (REO) in the quarter ending March 31 was 5,444 tonnes, compared with 4,110 tonnes produced lasta year. Production of NdPr, or neodymium-praseodymium, rose 19.4 percent to 1,591 tonnes, a new quarterly record, said Lynas, the world's only major producer of rare earths outside China. Lynas added that in a move to combat continued weakness in market prices, it would reserve all NdPr product for its strategic business partners, which could lead to a build-up in inventory in the fourth quarter.

  • Reuters14 days ago

    BRIEF-Lynas Corp Says Board Concluded That It Would Not Engage With Wesfarmers On Terms Outlined In Proposal

    April 10 (Reuters) - Lynas Corporation Ltd: * BOARD CONCLUDED THAT IT WOULD NOT ENGAGE WITH WESFARMERS ON TERMS OUTLINED IN PROPOSAL * SHAREHOLDERS DO NOT NEED TO TAKE ANY ACTION IN RELATION TO INDICATIVE ...

  • Reuters14 days ago

    Australia's Lynas Corp says Wesfarmers bid undervalues its IP, rejects offer

    Rare earths miner Lynas Corp said on Wednesday its board had concluded it would not engage with conglomerate Wesfarmers, stating its takeover offer undervalues the company's intellectual property. "Lynas has developed significant intellectual property (IP) in engineering, processing and product development. This IP is valuable in its own right, and its value is not reflected in the Indicative Proposal from Wesfarmers," the company said in a statement.

  • Reuters14 days ago

    Malaysia environment groups, Lynas workers rally over rare earths plant

    Malaysian environmental groups and Lynas Corp workers held rival demonstrations in Kuala Lumpur on Wednesday over concerns about radioactive waste from the company's rare earths processing plant in the country. Some 200 protesters from more than 60 environment and civic groups called on Malaysia to suspend Lynas's operating licence and to ensure it removes "toxic waste" from the country, according to a copy of the letter reviewed by Reuters.

  • Reuters15 days ago

    Malaysia groups protest over Lynas rare earths plant

    Malaysian environmental and civic groups called on the government on Wednesday to suspend a rare earths processing plant operated in the country by Australia's Lynas Corp over concerns about toxic waste. More than 200 protestors rallied outside parliament in Kuala Lumpur before handing over a letter that called on Malaysia to suspend Lynas's operating licence and to ensure it removes "toxic waste" from the country, according to a copy of the letter reviewed by Reuters.

  • Reuters16 days ago

    BRIEF-Lynas Corporation Updates On Growth Plans

    April 9 (Reuters) - Lynas Corporation Ltd: * UPDATE ON GROWTH PLANS * AT THIS TIME, NO DECISIONS HAVE BEEN MADE, HOWEVER EVENTS OF PAST FEW WEEKS MEAN WE ARE ACCELERATING THIS WORK * PREFERENCE HAS ALWAYS ...

  • Reuters16 days ago

    Wesfarmers reiterates Lynas offer, says could ease conditions

    An initial offer of A$1.5 billion (£818 million) by the retail-to-chemicals conglomerate was previously rebuffed by Lynas' board, which termed the deal "highly conditional". "Wesfarmers remains open to engage with the Lynas Board on our proposal, with a view to progressing a less conditional proposal," Managing Director Rob Scott said in a statement. Wesfarmers' initial bid was subject to a range of conditions, including that Lynas has relevant operating licences in Malaysia for a "satisfactory period" following the close of the deal.

  • Reuters16 days ago

    BRIEF-Wesfarmers Says Co Remains Open To Engage With Lynas Board On Takeover Proposal

    April 9 (Reuters) - Wesfarmers Ltd: * WESFARMERS REMAINS OPEN TO ENGAGE WITH LYNAS BOARD ON OUR PROPOSAL * OPEN TO ENGAGE WITH LYNAS ON PROPOSAL, WITH A VIEW TO PROGRESSING A LESS CONDITIONAL PROPOSAL ...

  • Reuters16 days ago

    Lynas reviews rare earths ore processing as Malaysia ups pressure

    Rare earths miner Lynas Corp said on Monday it is considering initial ore processing near its Australian mine, as Malaysia stepped up pressure on the company already in the midst of a takeover struggle. Lynas, the world's only major producer of rare earths outside China, has been locked in a dispute with the Southeast Asian nation, which has told it to remove years of accumulated waste at its Malaysian processing plant in order to have its licence renewed.

  • Reuters17 days ago

    BRIEF-Lynas Corp Updates On Recent Comments From Malaysian Government

    April 8 (Reuters) - Lynas Corporation Ltd: * MALAYSIAN REGULATORY UPDATE * LYNAS IS SEEKING CLARIFICATION FROM MALAYSIAN GOVERNMENT REGARDING RECENT COMMENTS * WE SEE VALUE IN OPERATING ALTERNATIVE CRACKING ...

  • Reuters17 days ago

    Lynas sees value in initial ore processing in Australia

    April 8 (Reuters) - Australian rare-earths miner Lynas Corp said on Monday that it was considering initial ore processing close to its Australia mine, as regulatory hurdles facing its Malaysian processing ...

  • Reuters18 days ago

    Malaysia's Mahathir says new suitors may emerge for rare-earths firm Lynas

    New suitors may emerge for Australian rare-earths processing company Lynas Corp, which may lose the operating license for its processing plant in Malaysia, the country's prime minister said on Friday. Lynas last week rejected a $1.1 billion takeover offer from Australian conglomerate Wesfarmers Ltd, though Wesfarmers said they remain keen on the talks. Lynas operates an $800 million plant in the Malaysian town of Kuantan that refines ore from a rare-earths mine that it owns in Australia.

  • Reuters19 days ago

    Malaysian Prime Minister says other companies may buy rare-earths processor Lynas

    Other companies may be in the running to buy Australian rare-earths processing company Lynas Corp, which may lose the operating license for its processing plant in Malaysia, the country's Prime Minister said on Friday. Lynas operates an $800 million plant in the Malaysian town of Kuantan that refines ore from a rare-earths mine that it owns in Australia. Malaysia has recently halted the renewal of its operating license over concerns about how it handles radioactive wastes at the site.

  • Reuters26 days ago

    Australia's Wesfarmers hints takeover battle for Lynas not over

    MELBOURNE/SYDNEY, March 29 (Reuters) - Australia's Wesfarmers Ltd remains keen on buyout talks with rare earths miner Lynas Corp Ltd, the retail-to-chemicals conglomerate said on Friday, despite its A$1.4 billion ($992 million) approach being rejected earlier this week. The comments foreshadow an intense takeover battle for the only proven producer of rare earth elements outside China, which has struggled with support from Malaysian regulators for a key processing plant located there. "We remain keen to work collaboratively with the Lynas board and management team as well as the Malaysian government and regulatory authorities to secure a long-term and sustainable outcome for all stakeholders," Wesfarmers Chief Executive Officer Rob Scott said in an emailed statement.

  • Reuters29 days ago

    Australia's Lynas says no to Wesfarmers $1.1 bln takeover offer

    Australia's Lynas Corp Ltd on Wednesday said it would not engage with conglomerate Wesfarmers on its "highly conditional" $1.1 billion takeover approach for the only proven producer of rare earth elements outside China. The rejection came a day after Wesfarmers launched a bid of A$2.25 per Lynas share, which represented a near 45 percent premium to the rare earths miner's Monday's close. Lynas shares closed 35.1 percent higher on Tuesday, falling short of the offer price.

  • Reuters29 days ago

    BRIEF-Lynas Corp Says Co Not To Engage With Wesfarmers On "Highly Conditional" Takeover Proposal

    March 27 (Reuters) - Lynas Corporation Ltd: * BOARD CONCLUDED THAT IT WILL NOT ENGAGE WITH WESFARMERS ON TERMS OUTLINED IN INDICATIVE AND HIGHLY CONDITIONAL PROPOSAL * LYNAS BOARD HAS EVALUATED INDICATIVE ...

  • Reuters29 days ago

    Australia's Wesfarmers launches $1.1 billion rare earths bid, shares fall

    Australia's Wesfarmers Ltd made a surprise $1.1 billion offer on Tuesday for rare earths miner Lynas Corp Ltd, looking for new growth after a series of asset sales, but its shares fell as investors fretted about increased risk.

  • A Rare-Earth Steal at a 45% Markup
    Bloomberglast month

    A Rare-Earth Steal at a 45% Markup

    For most of the past five years, a slump in the rare-earths market and a regulatory tangle in Malaysia, where Lynas processes its Australian-mined ore, has seen it worth less than a third as much. A transaction will be subject to “ensuring that relevant operating licences in Malaysia are in force and will remain in force for a satisfactory period following completion of the transaction”, the company said Tuesday. Fair enough, you might say – but if those licenses were in place, Wesfarmers’ offer would look a good deal less generous.

  • Thomson Reuters StreetEventslast month

    Edited Transcript of LYC.AX earnings conference call or presentation 28-Feb-19 1:00am GMT

    Half Year 2019 Lynas Corporation Ltd Earnings Call