Lynas Rare Earths says it was in takeover talks earlier this year

Lynas Rare Earths

02/09/2026 08:55

Adds company comment, details from paragraph 2
By Melanie Burton
MELBOURNE, Sept 2 (Reuters) - Australian miner Lynas Rare Earths LYC.AX was in takeover talks earlier this year but the discussions did not proceed, a spokesperson said on Wednesday. 
"The discussions earlier this year had a high level of uncertainty and did not proceed," the spokesperson said in a statement in response to a question about the company being in takeover talks. 
The company, the world's biggest producer of rare earths outside China, is currently searching for a new CEO, following the retirement of Amanda Lacaze.
Lynas last month reported a sharp rise in annual profit, helped by record average selling prices for rare-earth oxide and strong demand, though it missed market expectations.


 (Reporting by Melanie Burton in Melbourne
Editing by Alasdair Pal and Kate Mayberry)
 ((Alasdair.Pal@thomsonreuters.com; +61 291 717 228; Reuters Messaging: alasdair.pal.reuters.com@reuters.net))