Lynas Rare Earths spikes on China supply risk; ASX down
Lynas Rare Earths heads into Tuesday’s pre-open in Sydney after closing up 5.46% to A$18.93 on Monday, standing out as a winner in mining while the ASX200 slid 1.45%. Rare earths are metals needed for magnets, chips, EVs, and defense equipment. The focus now is on how non-Chinese supply is valued, not just daily price moves. The ASX was still in pre-open at this point; regular trading starts just before 10 a.m. in Sydney. May 19 does not appear on the exchange’s 2026 market holiday list.