Australia's Lynas Rare Earths hits nearly 5-month high on unit's US deal

Lynas Rare Earths

16/03/2026 01:44

** Lynas Rare Earths LYC.AX rises as much as 3.4% to A$21.4, highest since October 21, 2025

** World's largest rare earth producer outside China signs binding letter of intent between its unit and U.S. Department of War

** Under deal, DoW will allocate ~$96 million for purchasing light and heavy rare earth oxide products from Lynas

** Floor price for supply of Neodymium-Praseodymium Oxide will be $110/kg, co says

** YTD, LYC gains 69.1%

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.singhchundawat@thomsonreuters.com))