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Lynas Rare Earths Ltd (ASX: LYC) Share Price and News

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Lynas Rare Earths Ltd Chart and Price Data

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as at 24 Feb 3:44pm

    • Lynas Rare Earths Ltd (ASX: LYC)
    Latest News

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    A solid finish to the week is expected for Aussie investors.

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    Lynas shares outperform on 'exciting development'

    | James Mickleboro

    This mining stock is avoiding the market selloff today. But why?

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    Opinions

    Down 40% in under 3 years, is the Lynas share price due a bounce?

    | Kate Lee, CFA

    Is there any hope for Lynas shares?

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    Frequently Asked Questions

    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.

    Lynas has its head office in Perth, Western Australia. It also has a corporate office in Kuala Lumpur, Malaysia.

    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.

    DateAnnouncementPrice Sensitive?TimeNo. of PagesFile 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.

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