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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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    Here's why the Lynas CEO just sold $7 million in shares

    | Bronwyn Allen

    Amanda Lacaze has sold one million shares in the company she runs.

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    Top brokers name 3 ASX shares to buy next week

    | James Mickleboro

    Brokers gave the thumbs up to these ASX shares last week. Why are they bullish?

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    a man in a high visibility vest and hard hat holds a thumbs up at a mine site with heavy equipment in the background.
    Resources Shares

    Lynas share price leaping higher as Malaysia green lights rare earths facility

    | Bernd Struben

    Shares in the ASX 200 rare earths miner are up 17% since late afternoon trade on Tuesday.

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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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