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Lynas Rare Earths ( (AU:LYC) ) has issued an update.
Lynas Rare Earths has announced that Chief Executive Officer and Managing Director Amanda Lacaze will retire after 12 years in the role, during which she oversaw the company’s transformation from a troubled startup into a top-tier ASX50 rare earths producer. The board has launched a search for a new CEO, considering both internal and external candidates, while Lacaze will remain in place until the end of the current financial year to ensure a smooth leadership transition following the completion of the Lynas 2025 capital investment program and the launch of the company’s ‘Towards 2030’ growth strategy, providing continuity as Lynas pursues its next phase of expansion.
The most recent analyst rating on (AU:LYC) stock is a Hold with a A$14.50 price target. To see the full list of analyst forecasts on Lynas Rare Earths stock, see the AU:LYC Stock Forecast page.
More about Lynas Rare Earths
Lynas Rare Earths is an Australian rare earths producer and ASX50 company that supplies critical minerals to global manufacturing supply chains. Over the past decade, it has expanded its production and operating footprint and significantly increased its market value, positioning itself as a leading non-Chinese source of rare earth materials.
YTD Price Performance: 13.34%
Average Trading Volume: 9,642,681
Technical Sentiment Signal: Buy
Current Market Cap: A$14.19B
For an in-depth examination of LYC stock, go to TipRanks’ Overview page.