Lynas Rare Earths Ltd (ASX: LYC) Share Price and News
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Lynas Rare Earths Ltd (ASX: LYC)
Latest News
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Share Gainers
Move over Lynas! How this ASX rare earths small-cap surged 106% in just 6 months
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Down 13% in FY24, is this the year for Lynas shares?
Frequently Asked Questions
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Lynas was founded in 1983 as Yilgangi Gold NL, before changing its name to Lynas Gold NL in 1985. It listed on the ASX in September 1986. In 2000 it became Lynas Corporation Limited, selling off its gold division to focus on rare earths.
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Lynas has its head office in Perth, Western Australia. It also has a corporate office in Kuala Lumpur, Malaysia.
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No, Lynas has yet to pay out any dividends to shareholders.
LYC ASX Announcements
An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.
| Date | Announcement | Price Sensitive? | Time | No. of Pages | File Size |
|---|---|---|---|---|---|
| YesNo |
About Lynas Rare Earths Ltd
Lynas Rare Earths Ltd (ASX: LYC) is primarily involved in the exploration, development, and processing of rare earth minerals in Australia and Malaysia. It is one of few rare earth producers outside of China.
Lynas owns and operates a mining and concentration plant at Mt Weld, Western Australia and a manufacturing facility in Kuantan, Malaysia.
A rare earths processing plant is currently under construction at Kalgoorlie, Western Australia, while in June 2022, Lynas signed a $120 million contract with the US Defense Department for the construction of a rare earths separation facility in Texas, United States.
The company says demand is continuing to grow for rare earths, such as neodymium and praseodymium (NdPr), for use in electric vehicles and for wind energy.
