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Lynas Rare Earths Limited ( (AU:LYC) ) has provided an announcement.
Lynas Rare Earths Limited has commenced commissioning a new Heavy Rare Earth separation circuit, producing Holmium concentrate and beginning Dysprosium separation, with first production expected in May. This positions Lynas as the only commercial producer of separated Heavy Rare Earth products outside China, amid global trade shifts affecting rare earth markets. The company reported quarterly sales revenue of A$123.0 million, with ongoing projects to meet a target production of 10.5kt/annum. Lynas is also progressing on its U.S. project, addressing wastewater management challenges, and engaging with the U.S. Government on additional CAPEX requirements.
More about Lynas Rare Earths Limited
Lynas Rare Earths Limited operates in the rare earths industry, focusing on the production and supply of separated rare earth products. The company is notable for being the largest supplier of separated rare earths outside China, with a market focus on providing materials essential for supply chain resilience and diversification.
YTD Price Performance: 34.66%
Average Trading Volume: 42,912
Technical Sentiment Signal: Sell
Current Market Cap: $4.97B
Learn more about LYC stock on TipRanks’ Stock Analysis page.