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Lynas Rare Earths Limited

RareEarth Index inaugural constituent · Calculation date April 30, 2026

Identifiers

Primary ticker
LYC.AX
ASX
Secondary
LYSDY (US OTC ADR)
Domicile
Australia
Sector
Processing & Separation
Index weight
10.00%
Cap-bound at 10%
Avg market cap
$14.19B
30-day, USD

Operating jurisdiction

Australia (Mt Weld); Malaysia (Kuantan separation)

Sector classification

Lynas operates an integrated mining (Mt Weld, WA) and separation (Kalgoorlie + Kuantan) business. FY25 revenue is dominated by separated NdPr oxide and mixed REE products from the Kuantan facility (the only at-scale separation outside China), placing largest revenue share in Processing & Separation. Mining is the upstream feedstock to that revenue line.

Activity screen

Pure-play REE: mines Mt Weld carbonatite ore, processes via cracking/leaching at Kalgoorlie, separates into NdPr oxide, La, Ce, mixed HREE concentrates at Kuantan. >95% of FY25 revenue is REE-related.

Primary REE elements

Nd, Pr, Dy, Tb, La, Ce (Mixed LREE with NdPr focus; HREE expansion via Kalgoorlie cracking & leaching plant)

Liquidity

30-day avg market cap (USD)
$14.19B
90-day avg daily traded value (USD)
$72.24M

Sources

https://www.lynasrareearths.com/investors/asx-announcements/ · FY25 Annual Report