Lynas jumps on revamping supply deal with Japan Australia Rare Earths

Lynas Rare Earths

11/03/2026 03:23

Updates

** Lynas Rare Earths LYC.AX jumps as much as 15% to A$20.37, highest since October 21, 2025

** Stock marks largest intraday pct gain since January 7

** Lynas, world's largest rare earth producer outside China, said after market hours on Tuesday it has revamped supply deal with Japan Australia Rare Earths

** Co secures firm annual commitment for 5,000 tonnes of neodymium-praseodymium

** Co will set aside 75% of its heavy rare earth oxide output for Japanese industry

** Morgan Stanley says deal solidifies its "overweight" call; notes stock's last close of A$17.72 is near its PT of A$18.5

** Stock up 62.6% YTD

 (Reporting by Shivangi Lahiri and Nikita Maria Jino in Bengaluru)

 ((shivangi.lahiri@thomsonreuters.com))