LYNAS RARE EARTHS ORD
Which ASX Stocks Could Benefit as Rare Earth Prices Surge on Tightened US Supply Chains?
Prices of neodymium and praseodymium (NdPr) oxides – two rare earth elements essential for super-strong magnets – have surged to their highest levels in more than two years. The rally follows US rare earth producer MP Materials halting raw material exports to China, creating a significant gap in supply. China currently controls around 90% of […]
Lynas Rare Earths’ half-year profit drops as challenging market conditions continue
Lynas Rare Earths (ASX: LYC) has highlighted the “complex” nature of the current rare earths market as a factor that significantly impacted its latest half-year profits. The leading rare earths producer reported a net profit after tax of $5.9 million for the six months to 31 December, a substantial decline from the $39.54m reported a […]
Lynas Rare Earths opens Kalgoorlie processing plant, boosting local supply chain resilience
Australia’s hopes of becoming a significant player in the global rare earths chain have reached a key milestone with the official opening of Lynas Rare Earths’ (ASX: LYC) processing plant in Kalgoorlie, Western Australia. Home to world-class rare earth reserves, Australia is seen as a key link in a global supply chain aiming to shift […]
China’s rare earth dominance faces new threats from global competitors and domestic regulations
China, which has dominated reserves and production in the global rare earths market for many years, now finds its number one position under attack from a number of directions. Even China’s own regulations are expected to become a major hindrance to its current dominance, with the nation previously considered as almost having a monopoly. Chinese […]