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Lynas posts record Q2 revenue, expands heavy REE
Business
— Jul 21, 2026
Lynas Rare Earths posted a record quarterly revenue of A$288.9 million for June 2026, up 70% year-on-year, as the company ramped its Mt Weld expansion and resolved bottlenecks at Kalgoorlie, with 3,481 tonnes of rare earth oxides produced. The market backdrop reflects a structural shift to geopolitically anchored pricing and supply diversification away from China, supported by heavy rare earths growth, new partnerships, and policy moves such as the G7 target to limit dependence on a single supplier.
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