Lynas shares fall to five-month low after revenue miss

Bloomberg News | July 21, 2026 | 

(Image courtesy of Lynas.)

Lynas Rare Earths Ltd. shares dropped to a five-month low after Australia’s largest rare earths producer reported quarterly sales that missed analysts’ expectations.

Revenue increased 9% to A$288.9 million ($202 million) in the fourth quarter, according to an exchange filing Wednesday, below the A$391 million average of analyst estimates compiled by Bloomberg. Rare earth sales volumes declined during the three-month period.

Lynas shares slumped as much as 9.1% to A$14.51, the lowest since early February, before paring some losses. That compares with a marginal gain in the benchmark S&P/ASX 200 Index.

The Perth-based miner — one of only two major producers of rare earths outside China — rallied to the highest level in 14 years in April. Lynas shares have steadily retreated over the past few months as a standoff eased between the US and China over critical minerals.

Lynas is also facing scrutiny in Malaysia over a deal to supply rare earth oxides to the Pentagon. The miner operates a massive refinery in Malaysia that helps it produce essential magnet metals that make up the backbone of modern technology.

Lynas reported rare earths oxide production of 3,481 tons, an increase from the prior quarter, although sales volume for the oxide declined, the filing said.

Production of neodymium and praseodymium, which combine to make powerful magnets used in everything from aircraft to headphones, came in at 1,857 tons, declining from the previous quarter.

(By Carmeli Argana)