Lynas posts 67% higher rare earth oxide output in Q3
ASX-listed Lynas Rare Earths has posted higher rare earth oxide (REO) production of 3 200 t in the quarter ended March 31, which generated A$265-million of revenue for the company.
The Australian rare earths mining company has two major operations: a mining and concentration plant at Mount Weld in Western Australia, and the Lynas Advanced Materials Plant in Kuantan, Malaysia.
Lynas’ production in the reporting quarter, which marks the company’s third quarter of the 2026 financial year, compares with 1 911 t of REO having been produced in the same quarter last year and 2 383 t of REO having been produced in the preceding quarter.
Notably, 1 996 t of output in the quarter under review comprised of neodymium and praseodymium production, while 8 t comprised of dysprosium and terbium. The company produced samarium oxide for the first time in March, which is highly sought after by customers for use in high-performance magnets for electronics and aerospace sectors, as well as in optical, catalyst and medical applications.
This first production of samarium oxide sets Lynas apart as a commercial producer and supplier of both light and heavy rare earths.
Moreover, the company sold 3 100 t of REO in the reporting quarter that generated 115% higher revenue year-on-year, with Lynas having realised an average price of A$84.6/kg of REO sold.
The company confirms it is monitoring its consumables supply chains including fuel, with no operations having been materially affected as of April 21.
Lynas plans to switch the Mt Weld operation’s power plant from being diesel-driven to a hybrid renewable solution, which should help to reduce the mine’s fuel consumption.
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