Australia's Lynas Rare Earths rises after renewing licence for Malaysia facility

Lynas Rare Earths

02/03/2026 24:33

** Shares of Australia's Lynas Rare Earths LYC.AX rise as much as 7% to A$20.3, their highest level since October 21, 2025

** Co renews its Lynas Malaysia operating licence for 10 years

** "Lynas welcomes the longer licence term, which provides greater investment certainty for Lynas and for our rare earths supply chain partners and customers" - CEO and Managing Director Amanda Lacaze

** Stock last up 4%, compared with 0.4% drop in broader ASX 200 benchmark .AXJO

** Stock up ~60% YTD

 (Reporting by Sneha Kumar in Bengaluru)

 ((Sneha.kumar@thomsonreuters.com;))