Lynas Rare Earths Ltd

Prices of neodymium and praseodymium (NdPr) oxides – two rare earth elements essential for super-strong magnets – have surged to their highest levels in more than two years. The rally follows US rare earth producer MP Materials halting raw material exports to China, creating a significant gap in supply. China currently controls around 90% of […]

Lynas Rare Earths (ASX: LYC) has highlighted the “complex” nature of the current rare earths market as a factor that significantly impacted its latest half-year profits. The leading rare earths producer reported a net profit after tax of $5.9 million for the six months to 31 December, a substantial decline from the $39.54m reported a […]

Australia’s hopes of becoming a significant player in the global rare earths chain have reached a key milestone with the official opening of Lynas Rare Earths’ (ASX: LYC) processing plant in Kalgoorlie, Western Australia. Home to world-class rare earth reserves, Australia is seen as a key link in a global supply chain aiming to shift […]

China, which has dominated reserves and production in the global rare earths market for many years, now finds its number one position under attack from a number of directions. Even China’s own regulations are expected to become a major hindrance to its current dominance, with the nation previously considered as almost having a monopoly. Chinese […]