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Lynas Revenue Surges but Misses Forecasts as Rare-Earth Output Ramps

Management advances samarium production, signaling greater pricing power following a tentative U.S.–China trade de‑escalation.

A small toy figure and mineral imitation are seen in front of the Lynas Rare Earths logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/Illustration

Overview

  • Lynas reported A$200.2 million in first‑quarter sales, up 66% year on year yet below the A$230 million Visible Alpha consensus.
  • Rare‑earth oxide output rose to 3,993 metric tons, including 9 tons of dysprosium and terbium from early heavy rare‑earth production.
  • The company pulled forward samarium production to the first half of next calendar year from 2027 in response to customer interest.
  • Executives are prioritizing a processing build‑out in Malaysia and flagged significant uncertainty for the Seadrift, Texas project while pacing production and sales pending policy outcomes.
  • CEO Amanda Lacaze cited strong demand and pricing flexibility, as a reported U.S.–China trade framework could pause tariffs and delay Chinese mineral export controls for a year.