Australia's Lynas Rare Earths rises after fourth-quarter revenue beats view

JS Link

24/07/2025 02:22

Corrects first bullet to say stock has hit highest since April 5, 2022, not April 5

** Shares of Lynas Rare Earths LYC.AX rise as much as 4.24% to A$10.57, highest since April 5, 2022

** The world's biggest producer of rare earths outside China beats estimates for fourth-quarter revenue

** Sales revenue A$170.2 million ($112.33 million) in June quarter, beating Visible Alpha consensus estimate of A$155 million, as per Barrenjoey

** Co enters into a deal with Korean permanent magnet manufacturer JS Link 127120.KQ to develop a sustainable rare earth permanent magnet value chain in Malaysia

** Stock up 57.7% YTD, including the session's moves

($1 = 1.5152 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))