Sydney, Feb 23, 2026, 18:15 AEDT — The market has closed.
- Lynas Rare Earths slipped 1.5% on Monday, lagging the broader market.
- With Lynas’ half-year results expected later this week, investors are already making their moves.
- NdPr, a key rare-earth for magnets, still drives pricing volatility.
Lynas Rare Earths Limited closed Monday at A$15.445, slipping 1.5%. Shares moved in a range from A$15.43 up to A$15.73 during the session. https://www.investing.com/equities/lynas-corp-historical-data
The retreat comes just ahead of Lynas releasing its half-year numbers for the period ending Dec. 31, 2025. An investor call is set for the same day. https://company-announcements.afr.com/asx/lyc/445c57fb-0b04-11f1-a0ab-0e65f3ebf4fb.pdf
Why it matters now: shares have swung around this month, and a packed earnings slate leaves little room for disappointment—whether that’s on price realisations, volumes, or costs. Global trade news keeps nerves frayed among mining stocks, with sentiment prone to sharp turns.
The S&P/ASX 200 finished Monday’s session 0.61% lower, pressured by fresh worries over U.S. tariffs that dampened risk sentiment, Market Index reported. https://www.marketindex.com.au/news/evening-wrap-asx-200-slips-on-trump-tariff-tumult-tumbling-tech-as-gold-and
Rare-earth prices remain the key swing factor for Lynas. NdPr, or neodymium and praseodymium, essential for permanent magnets in electric vehicles and wind turbines, has surged in recent months and fueled optimism ahead of results season.
Neha Mukherjee, research manager for rare earths at Benchmark Mineral Intelligence, told Reuters last week that “the price rally has been driven by firm downstream magnet demand and deliberate supply management in China.” She also flagged the possibility that the surge might not last. https://www.reuters.com/business/energy/rare-earths-surge-above-price-floor-given-mp-materials-2026-02-18/
On the demand front, headlines have remained positive. Japan’s Sojitz plans to boost rare-earth imports from Lynas and will start bringing in samarium from April, aiming to reduce reliance on China. https://www.reuters.com/world/asia-pacific/japans-sojitz-expand-australian-rare-earth-imports-partner-broadens-product-2026-02-16/
Lynas hasn’t put out any new ASX statements since February 19, when a substantial-holder notice was lodged, exchange records show. https://www.asx.com.au/markets/company/LYC
Next up: the numbers, and any clues about ramping up, product mix shifts, or contract price moves. Traders are also watching for remarks on heavy rare earths—a space where Western supply is sparse and price jumps aren’t rare.
Still, the downside’s hard to ignore. Should NdPr prices slump — a possibility Benchmark’s Mukherjee highlighted, warning of a potential correction by end-March — miners could see margins hit almost immediately, making guidance tougher to pin down.
