Business · Markets · 2 hrs ago
Lynas Rare Earths shares fall 42% in six months
Lynas Rare Earths shares have fallen 42% in six months, after rising early in the year and then losing ground.
The Australian rare earths miner has faced geopolitical uncertainty, higher costs and investor selling after its share price climbed.
Its June-quarter revenue and production increased, but key results came in below market expectations, including revenue that was 23% lower than forecast.
The company later reported record annual profit and revenue, but its net profit also missed analysts’ expectations and it flagged concerns about future costs.
In early October, Lynas announced plans to buy Meteoric Resources in an all-share deal valued at about A$968 million, expanding its rare earth resource base.
Lynas says it wants to grow its global presence and supply of critical minerals, while broker ratings and share-price targets indicate some analysts expect a recovery.
Lynas Rare Earths shares have fallen 42% over six months, closing Thursday at A$11.38.
The decline followed a strong start to 2026, when the shares rose through the first four months and peaked in mid-April.
The downturn accelerated after the company’s fourth-quarter FY26 update in July, whose results were below market expectations despite higher revenue and record average selling prices.
Its August full-year results included record profit and revenue, but net profit missed analysts’ expectations and the company raised concerns about future costs.
In early October, Lynas announced an approximately A$968 million all-scrip deal to acquire Meteoric Resources.
- Who
- Lynas Rare Earths Ltd, an ASX-listed rare earths miner.
- What
- Its shares fell 42% over six months, closing Thursday at A$11.38.
- When
- The decline was reported on 23 October 2026 and covered the previous six months.
- Where
- Lynas is listed on the Australian Securities Exchange.
- Why
- Geopolitical volatility, higher costs, results below expectations and investors taking gains after an early-2026 rally weighed on the shares.
This story does not have two clearly opposing sides.
Lynas shares climbed before reaching a year-to-date high in mid-April.
The company’s fourth-quarter FY26 update reported revenue and production figures that were below market expectations.
Lynas reported record FY26 profit and revenue, but its A$222.4 million net profit missed analysts’ expectations.
Lynas announced plans to acquire all shares in Meteoric Resources in an all-scrip deal valued at approximately A$968 million.
Lynas shares closed down 1.5% at A$11.38, bringing their six-month fall to 42%.
- Share price fall
- 42% over six months
- Thursday closing price
- A$11.38 per share
- Fourth-quarter FY26 gross sales revenue
- A$288.9 million
- FY26 net profit
- A$222.4 million
- Meteoric Resources deal value
- Approximately A$968 million
- Meteoric exchange ratio
- 0.0207 new Lynas shares per Meteoric share