Sydney, June 12, 2026, 08:02 AEST
- Lynas Rare Earths shares on the ASX last traded at A$16.89, up 0.12%. Turnover was over 4.5 million shares.
- The stock is still well under where it was in early June, though it’s up around 36% year-to-date in 2026.
- New rare-earth supply chain news from the U.S., India and China kept focus on producers outside China.
Lynas Rare Earths Limited (LYC) traded flat on the ASX, with the stock last at A$16.89, up just A$0.019, or 0.118%. Volume came in at 4,572,554 shares. The company’s market cap sat near A$16.97 billion on the ASX website, as shares moved between A$16.88 and A$16.90.
Lynas shares steadied after a sharp drop from earlier in June. Intelligent Investor data put the stock at A$19.49 on June 3, then A$18.71 on June 4, A$17.28 on June 9, and A$16.87 on June 10. The most recent price, A$16.89, is about 13% below the June 3 close. Despite the fall, Lynas is still up 35.94% for calendar 2026 and 99.41% for FY2026, according to the same data.
Rare-earths miner traded into a more careful market tone. The S&P/ASX 200 slipped 20.1 points to finish at 8,633.2 on June 11, down 0.23%. Market Index figures showed local shares moved lower as investors faced a swingy global session, with nerves around geopolitics and commodity prices.
Not much in the way of company news over the last two days, but the ASX published a “Change in substantial holding” notice for Lynas on June 10. Before that, the only other company update came June 4, naming Pol Le Roux as interim CEO. He steps into the role from June 30. Asx
Lynas has named Pol Le Roux as interim CEO after Amanda Lacaze announced plans to retire, ending her 12 years as chief executive. “Pol has over 20 years of experience in the rare earths industry,” Lynas Chair John Humphrey said. He said Le Roux is known for his knowledge of Lynas’ business and the rare-earths sector. Reuters called Lynas the largest rare earths producer outside China. Reuters
Market attention stuck on global supply security. On June 10, Reuters said a U.S. business group flagged trouble getting some China-controlled critical minerals, blaming export controls and slow licenses. “China is forcing this diversification away from China and creating a strong interest” in other sources, USCBC President Sean Stein told Reuters. Reuters
Reuters reported Reliance Industries, Vedanta and Adani Enterprises are looking at rare-earth processing projects in Andhra Pradesh. India wants to cut its reliance on China for these materials. That theme is important for Lynas, which runs Mt Weld, Kalgoorlie, Lynas Malaysia and Lynas USA, and positions itself as a non-Chinese source for separated rare-earths.
Lynas posted gross sales revenue of A$265 million for the March quarter, up sharply from A$123 million last year. The jump comes as Reuters said the company pointed to strong customer demand, with buyers moving to cut dependence on Chinese rare earths. In May, CEO Amanda Lacaze said shifts in U.S. and European regulations were already changing what customers buy: “In both cases, we are observing changed purchasing decisions so that consumers can comply with the regulations.” Reuters
