Lynas Rare Earths Limited (LYC.AX)
Lynas Rare Earths Limited operates in the Industrial Materials industry of the Basic Materials sector, headquartered in Perth, WA, AU. The stock last traded at $16.63, down 1.71% on the session, giving a market capitalisation of $16.74B. Its beta of 0.69 implies it has historically moved less than the broad market.
Lynas Rare Earths Limited, along with its subsidiary companies, is actively involved in the entire process of rare earth mineral extraction and refinement, spanning exploration, development, mining, and processing, predominantly within Australia and Malaysia. A key asset for the firm is its stake in the Mount Weld project, located in Western Australia. Its extensive product range encompasses numerous rare earth elements, such as yttrium, lanthanum, cerium, praseodymium, neodymium, promethium, samarium, europium, gadolinium, terbium, dysprosium, holmium, erbium, thulium, ytterbium, and lutetium. The company also engineers and operates sophisticated facilities for material processing and concentration, and provides various corporate services. Established in 1983, the entity was previously known as Lynas Corporation Limited until its rebranding to Lynas Rare Earths Limited in November 2020. Its headquarters are situated in East Perth, Australia.
Lynas Rare Earths Limited is most often compared with the following Basic Materials names: