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  • Lynas Rare Earths Limited

    Integrated extraction and processing of Rare Earth minerals, primarily in Australia and Malaysia; and Development of Rare Earth deposits.

    LYC$6.970
     -0.010 -0.14%

    Data last updated:May 17, 2024 – 4.40pm. Data is 20 mins delayed.

    Previous Close

    6.980

    Open

    6.970

    Day Range

    6.930 - 7.020

    52 Week Range

    5.490 - 7.905

    Volume

    3,457,517

    Value

    16,544,490

    Bid

    6.960

    Ask

    6.980

    Dividend Yield

    0.00%

    P/E Ratio

    31.97

    Market Cap

    6.515B

    Total Issue

    934,718,185

    ASX Announcements

    Ceasing to be a substantial holder

    Ceasing to be a substantial holder

    • May 9, 2024
    • 8 pages

    Market Sensitive

    Quarterly Activities Report

    Third Quarter Activities Report

    • Apr 24, 2024
    • 8 pages

    Becoming a substantial holder

    Becoming a substantial holder

    • Apr 18, 2024
    • 11 pages

    Becoming a substantial holder

    Becoming a substantial holder

    • Apr 16, 2024
    • 7 pages

    Date of Quarterly Report and Briefing

    Notification of Results/Reporting Date, Web Casts

    • Apr 10, 2024
    • 1 page

    View all LYC announcements

    This Month

    Westpac chairman Steven Gregg with Treasurer Jim Chalmers at the post-budget lunch.

    Dutton rejects ‘Rich Lister’ tax cuts

    The opposition has blasted $27.8 billion in production credits in the budget as “tax cuts for billionaires”, vowing to repeal them if elected.

    • Phillip Coorey and Brad Thompson
    Iluka Resources managing director Tom O’Leary.

    Iluka boss calls out China’s infiltration of rare earths in Australia

    Tom O’Leary says China is trying to extend its global dominance in rare earths by controlling assets in Australia and rigging prices.

    • Updated
    • Brad Thompson

    April

    Lynas Rare Earths boss Amanda Lacaze says a time may come when a merger makes sense.

    Lynas boss leaves door ajar for rare earths mega-merger

    Lynas boss Amanda Lacaze says there may be a time when big rare earths makes sense and confirms she is a great admirer of Gina Rinehart and her commitment to mining.

    • Brad Thompson
    Rare earths mining in China. The US is keen to break Beijing’s stranglehold on mining and production of the metals.

    The rare earths mine becoming a bellwether for US minerals policy

    China is home to 70 per cent of rare earths mining and 90 per cent of processing capacity. Tackling this dominance has become one of Washington’s strategic priorities.

    • Harry Dempsey
    Daniel Noboa is the new president of Ecuador and has been pushing for more investment in mining, particularly in copper production.

    Gina Rinehart goes big on copper with $186m Ecuador play

    The deal for the Linderos development takes the iron ore billionaire’s outlay on mining projects in the South American nation to almost $500 million

    • Brad Thompson
    Advertisement
    Gina Rinehart  praised Lynas boss Amanda Lacaze while accepting the Australian Financial Review’s Business Person of the Year award in December.

    Rinehart’s presence stokes rethink of foiled $10b Lynas-MP merger

    Australian richest person, Gina Rinehart, has emerged as a potential kingmaker in any rare earths mega-merger involving Lynas.

    • Brad Thompson and Peter Ker
    Gina Rinehart, The AFR’s 2023 Business Person of the Year, has grabbed a big stake in Lynas Rare Earths.

    Rinehart snares big stake in Lynas Rare Earths

    The share raid has fuelled speculation that Australia’s richest person may emerge as a kingmaker in any rare earths mega-merger.

    • Brad Thompson

    March

    Arafura Resources is aiming to have its Nolans rare earths project in  production before the end of 2025.

    Australia bets big on rare earths after China sparks panic

    Western governments want to break China’s stranglehold on the processing of rare earths into metals and magnets vital for modern living and defence. Australia is key to that. Can it work?

    • Jennifer Hewett

    US pledges $1.28b for ASX rare earths stocks

    Washington’s desire to break China’s stranglehold on the global rare earths industry has prompted it to pledge funding to two ASX rare earths aspirants.

    • Peter Ker
    Lynas Rare Earths boss Amanda Lacaze.

    Lynas not standing still after mega-merger stalls

    Lynas boss Amanda Lacaze missed out on a tie-up with a New York-listed rival aimed at challenging China’s dominance. What next for the rare earths player?

    • Brad Thompson

    February

    Scepticism that carmakers will talk up  need for “green premium” Australian critical minerals.

    ‘Is anyone going to pay’ for a green premium?

    Resources Minister Madeleine King says she is determined to push Europeans to value “green premium” Australian critical minerals above cheaper rivals.

    • Jacob Greber
    Northern Minerals executive chairman Nick Curtis.

    Lynas founder backs mooted rare earths mega-merger with MP Materials

    Nick Curtis, now executive chairman of Northern Minerals, says he explored the possibility of a deal creating a critical minerals major more than a decade ago.

    • Brad Thompson
    Bags of concentrates sit for transport at Mountain Pass, California, the US’ only rare earths operation. The Biden administration wants to diversify its source and processing markets away from China.

    Lynas confirms rare earths mega-merger discussions with MP Materials

    But the miner said the talks with the Las Vegas-based group, which would have brought together the world’s two largest non-China producers, were “not ongoing”.

    • Brad Thompson
    Lynas chief executive Amanda Lacaze.

    Lynas linked to rare earths mega-merger as price falls bite

    Weakness in the sector, and new Chinese trade restrictions, have bolstered the case for a merger between local miner Lynas and New York-listed MP Materials.

    • Updated
    • Brad Thompson and Andrew Tillett

    January

    Liontown Resources boss Tony Ottaviano says lithium may be going through an overcorrection.

    Crisis talks as critical minerals bust deepens

    Miners will push Resources Minister Madeleine King to drive reform of the way critical minerals are priced at crisis talks this week after lenders withdrew a key loan.

    • Updated
    • Peter Ker and Brad Thompson
    Advertisement

    December 2023

    “Mining Barbie” Amanda Lacaze accepts her award.

    Bonfire of the CEOs: Rear Window’s 2023 year in review

    The year ended with a lecture from the mining establishment, but not before a carry-on of CEOs joined the unemployment queue.

    • Myriam Robin and Mark Di Stefano
    Mike Henry, Amanda Lacaze and Kevin Gallagher

    CEOs warn red tape, higher rates holding back investment

    The country’s top energy and resources leaders say stresses from higher financing costs are being compounded by activism and unfriendly government policies.

    • James Thomson and Anthony Macdonald

    Blowouts hit taxpayer-backed rare earths refinery

    Taxpayers may have to lend more than the $1.25b already pledged towards the WA refinery that aims to break China’s stranglehold on the supply of rare earths

    • Peter Ker
    Gina Rinehart is the Australian Financial Review’s Business Person of the Year.

    Rinehart calls for tax cuts, criticises renewables and ‘eyesore’ solar panels

    Gina Rinehart, named The Australian Financial Review Business Person of the Year, demanded a cut to taxes, while Boris Johnson spoke in defence of Donald Trump.

    • Edmund Tadros and Maxim Shanahan
    The Australian Financial Review Business People of the Year for 2023 (from left): Sam Hupert, CEO and co-founder of ASX tech firm Pro Medicus; Lynas Rare Earths chief Amanda Lacaze; AustralianSuper chief investment officer Mark Delaney; Gina Rinehart, executive chairman of Hancock Prospecting; Airtrunk co-founder and CEO Robin Khuda; and Boral chief executive Vik Basal.

    The Australian Financial Review names its Business Person of the Year

    Gina Rinehart has capped an extraordinary year of deal-making across the mining, energy, agribusiness and retail sectors by taking out the top honour.

    • James Thomson

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