LYC.AX - Lynas Rare Earths Limited

ASX - ASX Delayed Price. Currency in AUD
-0.05 (-0.67%)
At close: 04:11PM AEST
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Previous close7.42
Bid8.10 x 265100
Ask7.38 x 748200
Day's range7.32 - 7.55
52-week range6.02 - 10.30
Avg. volume6,630,903
Market cap6.882B
Beta (5Y monthly)0.88
PE ratio (TTM)12.49
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • Reuters

    Australia's Lynas Rare Earths' quarterly revenue rises on strong demand

    Demand for neodymium and praseodymium (NdPr), among the major minerals that Lynas mines and used to make magnets that power electric motors, has continued to grow as countries push to reduce carbon emissions to combat climate change. Lynas said it continues to receive enquiries from potential new customers - mainly auto-part makers and new magnet manufacturing projects outside of China. The world's largest producer of rare earths outside China said revenue rose to A$232.7 million ($165.15 million) in the three months to Dec. 31, compared with A$202.7 million a year ago.

  • Reuters

    Australia's Lynas gets $120 million Pentagon contract for U.S. rare earths project

    Australia's Lynas Rare Earths has signed a $120 million follow-on contract with the U.S. Department of Defense to build a commercial heavy rare earths separation facility in Texas, the firm said on Tuesday. Lynas is the world's largest processor of rare earths outside China, and the contract with its U.S. subsidiary builds on 'Phase 1' funding for a facility announced in July 2020. Lynas intends to combine the heavy rare earth separation plant with a light rare earth separation facility, which is half-funded by the Defense Production Act office of the U.S. Department of Defense.