Business overview

Lynas is the largest rare-earth producer outside of China. It operates the Mount Weld mine in Australia, a separation plant in Malaysia, and a new heavy rare-earths processing facility under construction in Texas (partially funded by the DoD).

Valuation
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Update log

DateNewsImpact
8/29/2026Yahoo Finance
8/27/2026Lynas Rare Earths — quarterly earnings release — Lynas Rare Earths released its FY26 financial results on August 26, 2026, reporting a net profit after tax of A$222.4 million, a significant increase from A$8.0 million in the previous year. The company also achieved record revenue of A$977.9 million and EBITDA of A$386.0 million for the year ending June 30, 2026.
8/13/2026Yahoo Finance
7/31/2026The article discusses the expansion of the U.S. rare earth supply chain, focusing on efforts to end the Chinese monopoly on rare earth magnet production.
7/29/2026PR Newswire
7/22/2026Lynas Rare Earths reached a record price in the fourth quarter of 2026, but the stock fell following this announcement.
7/20/2026Yahoo Finance
7/19/2026
Malaysian operating license renewed for 10 years.
The most critical risk previously identified is largely resolved
7/19/2026
H1 FY2026: Revenue AUD 413.7M (+63%), NPAT AUD 80.2M (13.6x vs 5.9M year-on-year). Contracted floor price $110/kg NdPr (vs $49/kg realized average in 2024).
Spectacular financial improvement, change in scale for the group's economy
7/17/2026
Price ~15.89 AUD, down from the 52-week range ($9.93-$22.37). A recent quarter beat expectations but the stock still disappointed - valuation is already rich.
Little margin for execution error despite a solid fundamental thesis.
7/7/2026Yahoo Finance
7/7/2026Yahoo Finance
6/23/2026Lynas Rare Earths stock is recording a decline today, although the specific reasons for this pullback are not detailed in the excerpt.
3/16/2026
US government letter of intent: redirection of $96M toward direct purchase of Lynas products over 4 years, guaranteed floor price of $110/kg.
Strong strategic validation, however the status of the Texas plant has become uncertain
7/24/2025Lynas anticipates an increase in rare earth prices following the announcement of US support for MP Materials.
5/20/2025Australian company Lynas announces that it is the "only commercial producer" of heavy rare earths outside of China.
2/18/2021Zonebourse
17/05/2026 - 17/07/2026
Several marked drops (-9.32% on 05/14, -13.94% in April) WITHOUT specific bad news - linked to the revaluation of the US-China geopolitical risk premium.
METHOD: distinguish macro sentiment volatility from a thesis invalidation - fundamental facts remain intact
2026-04
Partial startup of heavy rare earths plant in Texas
First production outside of China of separated dysprosium/terbium; a strategic milestone for the U.S. magnet supply chain.