Lynas Reports 8% Increase in Rare Earth Production, Despite Pr-Nd Decline; Sales Revenue Up 70% YoY

Published: Jul 23, 2026 15:56

Save

[SMM Rare Earth Flash] Australian rare earth producer Lynas reported its April-June 2026 quarterly results, showing that its total rare earth oxide (TREO) production increased by 8% YoY, driven by capacity improvements at the Mount Weld mine in Western Australia, the Kalgoorlie processing plant, and the Kuantan refinery in Malaysia. However, affected by issues with the Mount Weld water circulation system and concentrate quality, Pr-Nd production for permanent magnets fell 11% YoY. These issues have since been resolved, and the company expects to return to full-capacity operations this quarter. In the same period, heavy rare earths dysprosium and terbium achieved production of 19 mt, marking their first commercial production. Driven by higher Pr-Nd prices, increased heavy rare earth sales, and product premiums, the average selling price of rare earth oxides rose 63% YoY to A$98.2/kg, pushing sales revenue up 70% YoY. In addition, Lynas has initiated client certification for samarium oxide and raised the investment budget for its heavy rare earth project in Malaysia. It plans to bring products including gadolinium, yttrium, and lutetium into production from 2027 to 2028.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

Pr-Nd oxide price pulls back slightly, rare earth market overall in the doldrums [SMM Rare Earth Weekly Review]

[SMM Rare Earth Weekly Review: Pr-Nd Oxide Prices Pull Back Slightly, Rare Earth Market Overall in the Doldrums] This week, Pr-Nd oxide prices were slightly in the doldrums overall, mainly dragged down by the pullback in futures prices and persistently low purchase willingness from buyers, with some suppliers following suit to lower prices. However, factory quotations remained firm, with low-priced goods hard to find, and a fierce tug-of-war between upstream and downstream. As of today, Pr-Nd oxide prices have been adjusted down to 753,000-758,000 yuan/mt.

2 hours ago

Oxide prices continue to pull back, NdFeB scrap market in the doldrums [SMM Recycled Rare Earth Weekly Review]

[SMM Recycled Rare Earth Weekly Review: Oxide Prices Continue to Pull Back, NdFeB Scrap Market in the Doldrums] Overall, this week, scrap prices, affected by the continuous pullback in oxide prices, were in the doldrums overall. However, as the supply of compliant, tax-inclusive scrap remained tight, suppliers showed low willingness to sell at low prices, and trading in the scrap market was stagnant. In the short term, affected by the stalemate in the tug-of-war between upstream and downstream, scrap prices may move sideways.

2 hours ago

3 hours ago

Rare Earth Prices in the Doldrums, Downstream Demand Weak, Transactions Under Pressure [SMM Rare Earth Daily Review]

[SMM Rare Earth Daily Review: Rare Earth Prices in the Doldrums, Downstream Demand Weak, Transactions Under Pressure] Overall, new orders from downstream were not ideal, and coupled with a pull back in Pr-Nd oxide futures prices, market inquiries remained persistently sluggish. As a result, rare earth market prices were broadly in the doldrums, with actual trading performance proving poor. In the short term, affected by weak supply-demand fundamentals, Pr-Nd product prices are expected to maintain a sideways trending pattern.

3 hours ago