Sydney, Jan 14, 2026, 16:50 (AEDT) — After-hours
Shares of Lynas Rare Earths Ltd (LYC.AX) climbed 3.3% on Wednesday, settling at A$15.56 after soaring to an intraday peak of A$16.00. This marked the third straight session of gains, pushing the stock roughly 5% higher since Monday’s close. (Investing)
The move is significant since Lynas belongs to the exclusive group of rare earth producers outside China, just as governments scramble to secure supplies of these metals essential for high-strength magnets in electric vehicles, wind turbines, and defence systems.
The announcement comes amid a leadership transition. Investors expect a CEO departure and factor in the difference between a “planned” exit and a “messy” one.
Lynas announced that CEO and Managing Director Amanda Lacaze has informed the board of her intention to retire after 12 years at the helm. She will remain in her role until the end of the current financial year while the company conducts a search both internally and externally for her replacement. “I’ve loved every day of my 12 years at Lynas,” Lacaze said, noting the completion of the Lynas 2025 capital program and the launch of the company’s “Towards 2030” growth strategy.
Several shareholders saw the departure as closing a significant chapter. Dylan Kelly from Terra Capital called her “one of the best CEOs I’ve ever come across.” Andy Forster of Argo Investments noted Lynas operated a plant “way ahead of any of the competition,” Reuters reported. (Reuters)
Finance ministers from the G7 and other leading economies gathered in Washington this week to tackle reducing reliance on Chinese rare earths. They discussed options like setting a price floor and forging new supply partnerships, officials said. Japan’s finance minister told reporters there was “broad agreement” on the need to curb dependence on China, according to Reuters. (Reuters)
Australia, home to Lynas’s mining and processing operations, announced plans to create a A$1.2 billion strategic reserve focused on antimony, gallium and rare earth elements. Treasurer Jim Chalmers said the move is designed to help the country “weather global economic uncertainty.” Officials also mentioned tools like offtake agreements and contracts for difference, which can reduce price volatility between deal signing and delivery. (Reuters)
Lynas’s immediate challenge blends execution with politics: ramp up capacity, sell into a market still heavily influenced by China’s pricing, and navigate Western industrial policy carefully—enough to stay relevant but avoid becoming a trade proxy.
But the real risk lies in the handover. A protracted CEO hunt, an unexpected shift in strategy, or another wild move in rare earth prices could quickly snuff out the momentum, especially if policy discussions drag on without firm contracts emerging.
