Lynas Rare Earths Reports Nearly 22% Revenue Increase

Lynas Rare Earths, the largest producer of separated rare earths outside China, reported a nearly 22% rise in third-quarter revenue to A$123 million, benefiting from higher average selling prices and global supply disruptions, particularly amid U.S.-China trade tensions. The company has started commissioning a new Heavy Rare Earth separation circuit, making it the only commercial producer of separated heavy rare earths such as dysprosium and terbium outside China, with initial production expected between May and June. Lynas is also addressing operational challenges, including wastewater management at its U.S. project, and is in discussions with the U.S. government about additional capital requirements. These developments position Lynas to play a key role in diversifying supply chains and meeting demand for materials critical to electronics and defense sectors, as China's export controls and tariffs reshape the market.