Lynas Rare Earths Ltd (ASX: LYC) Share Price and News
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Lynas Rare Earths Ltd (ASX: LYC)
Latest News
Materials Shares
The Lynas share price is down 20% this year, so why is management receiving a huge bonus?
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Lynas share price storms 5% higher: Can it keep rising?
Share Fallers
Lynas share price tumbles again, down 10% this week
Share Fallers
The Lynas share price is sinking 5% amid market mayhem
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Why is the Lynas share price so volatile on Tuesday?
Resources Shares
Down 20% in 2022, is the Lynas share price too cheap to ignore?
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Why is the Lynas share price surging higher on Tuesday?
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Should investors 'buy the dip' in Lynas shares right now?
Resources Shares
Guess which ASX rare earths share is rocketing 13% on a 'resounding success'. Hint: not Lynas
Materials Shares
Down 24% since April, have investors fallen out of love with Lynas shares?
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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.