Lynas Rare Earths reaches $288.9M revenue in June quarter

• Lynas Rare Earths generated $288.9 million in gross sales revenue for the June quarter, representing a 70% increase compared to the prior corresponding period.
• Despite recording record quarterly sales, the company's shares fell in morning trade as neodymium and praseodymium production dropped to 1,857 tonnes.
• Management remains focused on ramping up its expanded Mt Weld plant and resolving processing bottlenecks at its Kalgoorlie facility to support long-term demand.

Australian miner Lynas Rare Earths (ASX:LYC) generated $288.9 million in quarterly sales revenue during the June quarter.

The top-line figure represents a 70% increase compared to the $170.2 million recorded in the same period last year.

"The June quarter 2026 saw the continued focus on the efficient operation of our $1.5 billion investment in new capacity," said Lynas Rare Earths Interim CEO Pol Le Roux.

The company reported total rare earth oxide production of 3,481 tonnes while closing cash reserves reached $1.21 billion.

Following the announcement, the Lynas Rare Earths share price was down at $15.04.

The producer recently commenced commercial production of samarium oxide to target specialised high-performance magnet applications in aerospace and electronics.