Australia’s Lynas Rare Earths, the largest rare earths producer outside China, reported a 66% jump in first-quarter revenue as global efforts to build Western supply chains lifted demand for strategic minerals.
Revenue rose to A$200.2 million ($130 million) for the quarter ended September 30, up from A$120.5 million a year earlier. Impressive result, however it fell short of Visible Alpha’s consensus forecast of A$230 million, reflecting modest price pressure despite firm demand expectations.
Lynas remains central to Western efforts to diversify away from China’s dominance in rare earth processing, with its Malaysian and Australian operations supplying key materials used in electric vehicles, wind turbines, and defense technologies.
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Lynas’s results underscore persistent global demand for critical minerals and highlight Australia’s growing role in non-China supply chains. The modest revenue miss may temper near-term optimism but reinforces long-term strategic positioning.
Bigger picture, keep an eye out if China takes offense at Australia competing so aggressively in this space. During Trump’s first term China imposed draconian tariffs on Australia in response to the country’s close ties to the US.
This article was written by Eamonn Sheridan at investinglive.com.