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Lynas Corporation Ltd

LYC.AX

Latest Trade

3.68AUD

Change

-0.01(-0.27%)

Volume

7,303,866

Today's Range

3.61

 - 

3.73

52 Week Range

1.02

 - 

3.85

As of on the Australian Stock Exchange Ltd ∙ Minimum 15 minute delay

Pricing

Previous Close
3.69
Open
3.70
Volume
7,303,866
3M AVG Volume
153.45
Today's High
3.73
Today's Low
3.61
52 Week High
3.85
52 Week Low
1.02
Shares Out (MIL)
718.77
Market Cap (MIL)
3,315.97
Forward P/E
60.73
Dividend (Yield %)
--

Next Event

Lynas Corporation Ltd Annual Shareholders Meeting

Latest Developments

More

Lynas Posts Q1 NdPr Production Of 1,342 Tonnes

Lynas Confirms Appointment Of Chair-Elect Kathleen Conlon Will Be Effective Sept 30

Lynas Completes Placement & Institutional Entitlement Offer To Raise About A$311 Mln

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About Lynas Corporation Ltd

Lynas Corporation Ltd is an Australia-based company engaged in integrated extraction and processing of rare earth minerals, primarily in Australia and Malaysia, and development of rare earth deposits. The Company’s assets include Mt Weld, Mt Weld Concentration Plant and Lynas Malaysia. Mt Weld is a rare earths mine, located approximately 35 kilometer (km) south of Laverton in Western Australia. Mt Weld Concentration Plant is located approximately 1.5km from the mine site. Lynas Malaysia is an integrated manufacturing facility, separating and processing rare earths materials, located in the Gebeng Industrial Estate near the Port of Kuantan in Malaysia. Its subsidiaries include Lynas Malaysia Sdn Bhd and Lynas Services Pty Ltd.

Industry

Metal Mining

Contact Info

East Perth, L 1 7 Tully Rd

PERTH, WAS

26080

Malaysia

+60.9.5825200

https://www.lynascorp.com/

Executive Leadership

Kathleen Marie Conlon

Non-Executive Chairman of the Board

Amanda Margaret Lacaze

Chief Executive Officer, Managing Director, Executive Director

Gaudenz Sturzenegger

Chief Financial Officer

Pol Le Roux

Vice President - Sales and Marketing

Mimi Afzan Afza

Vice President - People and Culture

Key Stats

2.00 mean rating - 5 analysts
Sell
Hold
Buy
Revenue (MM, AUD)

2018

0.4K

2019

0.4K

2020

0.3K

2021(E)

0.4K
EPS (AUD)

2018

0.084

2019

0.117

2020

-0.028

2021(E)

0.053
Price To Earnings (TTM)
--
Price To Sales (TTM)
10.87
Price To Book (MRQ)
5.10
Price To Cash Flow (TTM)
63.50
Total Debt To Equity (MRQ)
38.96
LT Debt To Equity (MRQ)
32.14
Return on Investment (TTM)
-2.35
Return on Equity (TTM)
-2.14

Latest News

Latest News

UPDATE 1-Australia's Lynas posts annual loss, to raise capital to build local facility

Australian rare earths producer Lynas Corp Ltd posted a smaller-than-expected annual loss on Monday and outlined plans to raise A$425 million ($304.94 million) to fund construction of an ore processing plant in Australia.

Australia's Lynas posts annual loss on lockdown hit, to raise $305 mln

Australian rare earths producer Lynas Corp Ltd posted an annual loss on Monday, hurt by a temporary coronavirus-linked closure of its Malaysian processing plant and lower market prices.

Pentagon, Lynas sign contract to kick off design work for U.S. rare earths facility

Rare earth producer Lynas Corp <LYC.AX> said on Monday it signed a contract with the U.S. Department of Defense to begin initial design work for its heavy rare earth separation facility in Texas that the Pentagon is providing initial funding for.

UPDATE 1-Lynas rare earth output nearly halves on virus-linked plant halts

* Rare earths demand hit by COVID-19 - Lynas (Adds restart details, Pentagon funding response, and details of demand)

Australian rare earth miner Lynas chairman Harding to retire

Australian rare earth miner Lynas Corp said on Tuesday chairman Mike Harding intends to retire by September 30 after more than five years in the role.

Australia's Lynas says it complied with exchange's disclosure rules on funding

Lynas Corp on Friday said it has complied with Australian Securities Exchange's disclosure rules in response to an exchange letter asking the miner about its disclosures on the funding of a rare earths processing plant in the United States.

Rare earths producer Lynas to restart Malaysia plant at 70% production rate

Lynas Corp, the largest producer of rare earths outside China, said on Monday its processing plant in Malaysia will restart later in the day at about a 70% production rate.

UPDATE 1-Rare earths producer Lynas to restart Malaysian plant as virus curbs ease

Rare earths producer Lynas Corp said on Friday it will reopen its processing plant in Malaysia at the start of next week as the Southeast Asian nation eases restrictions imposed since March to control the spread of the coronavirus.

Australia shares rise as oil rebound stirs risk appetite; Lynas soars

Australian shares rose on Thursday as risk appetite was whetted by a rebound in oil prices and hopes that global central banks would unleash more stimulus to cushion the economic blow from the coronavirus pandemic.

Australia's Lynas wins funding for U.S. heavy rare earths facility

Lynas Corp <LYC.AX> said on Wednesday the U.S. military will give it initial funding for a heavy rare earths separation facility in Texas as part of Washington's push to secure domestic supply of the essential minerals that China currently dominates.

Australia's Lynas selected for initial funding for U.S. rare earth facility

Lynas Corp said on Wednesday the U.S. military chose it for the initial funding for a U.S.-based rare earths separation facility as part of Washington's push to secure domestic supply of the essential minerals that China currently dominates.

UPDATE 1-Rare earth miner Lynas closes Malaysia plant due to coronavirus curbs

Rare earths producer Lynas Corp said on Monday it closed its processing plant in Malaysia temporarily after the government introduced strict measures to curtail the spread of the coronavirus.

Lynas sees opportunity in coronavirus outbreak; profit slides

Australian miner Lynas Corp <LYC.AX> is talking to customers about the risks of relying too heavily on China for rare earth supplies in the wake of disruptions from the new coronavirus outbreak, the company's CEO said on Friday.

UPDATE 3-Malaysia to renew Lynas' rare earths plant licence - sources

* Shares of Australian company close up 8% (Changes sourcing, adds details throughout)

Australia's Lynas Corp on track to get new Malaysia permit by March

Australia's Lynas Corp <LYC.AX> posted a 7.4% rise in quarterly revenue on Friday as higher demand for rare earth elements countered weaker prices and the miner said it was on track to get its processing license renewed by Malaysia in March.

Australian rare earths producer Lynas to submit plant tender to U.S. Army

Australia's Lynas Corp on Friday said it would submit a compliant tender in response to the U.S. Department of Defense's call for proposals to build a heavy rare earths separation plant in the United States.

UPDATE 1-Australia's Lynas picks Kalgoorlie for rare earth processing site

Australian rare earths miner Lynas Corp said on Monday it had picked outback town Kalgoorlie as the site for a new initial ore processing plant to extract low-level radioactivity from materials to be shipped to Malaysia for final treatment.

Lynas expects funding news for U.S. rare earths plant by end February

Australia's Lynas Corporation expects to make an announcement on how it will fund development of a new heavy rare earths processing facility in the United States by the end of February, its chief executive said on Tuesday.

UPDATE 1-Australia's Lynas eyes Kalgoorlie for initial processing site

Australian rare earths producer Lynas Corp said on Friday it signed an agreement with the outback town of Kalgoorlie to explore a potential initial ore processing site as it tries to soothe concerns in Malaysia about radioactive waste.

UPDATE 2-Australia's Lynas says profit jumps 50 pct, eyes further growth

* Texas not sole possible location for heavy rare earths plant

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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