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.
