Lynas, Iluka Resources top beneficiaries from US-Australia critical minerals deal, MS says

Iluka Resources

22/10/2025 24:07

** Analysts at Morgan Stanley view the critical minerals agreement between Australia and the United States to benefit rare earth companies such as Lynas LYC.AX and Iluka Resources ILU.AX

** The governments announced that they had agreed to boost supply of rare earths and other critical minerals to reduce China's grip over the supply chain

** Brokerage sees new and incumbent players in this space to offset any pricing impacts through volume expansion

** Some Australian rare earths and critical minerals companies saw their share prices jump on Tuesday after the agreement

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com))