Up 195% in a Year, Can Lynas Rare Earths Continue to Outperform?
Rising demand for rare earth materials driven by clean energy and advanced technologies places Lynas Rare Earths in a solid position to capture significant long-term value and the recent surge in the stock price also validates this view.
Lynas Rare Earths Limited (ASX: LYC)
Lynas Rare Earths Limited (ASX: LYC) on 10 March 2026 announced an updated long-term supply agreement with Japan Australia Rare Earths (JARE) which will strengthen rare earth supply for Japanese industry.
The revised agreement extends the long-standing partnership until 2038 which reinforces Lynas’ role as a key supplier of critical rare earth materials.
Under the new agreement, JARE will purchase 5,000 tonnes of NdPr each year and it will also acquire 50% of all heavy rare earth oxides produced by Lynas.
The contract also includes a market linked floor price of US$110 per kilogram for NdPr which comes with an upside sharing mechanism whenever prices rise above US$150 per kilogram.
At the time of writing, Lynas Rare Earths has a market capitalisation of about $20.85 billion which reflects its strategic role in supplying rare earth materials used in electric vehicles renewable energy technologies and advanced electronics.
The company in the first half of FY26 reported sales revenue of about $413.7 million while EBITDA rose to $152.4 million and net profit after tax reached $80.2 million.
Operational performance improved as total rare earth oxide production reached about 6,375 tonnes which included 3,407 tonnes of NdPr that remains one of the most important materials used in high performance magnets.
The average selling price for rare earth products increased to about $68.4 per kilogram which reflects better market conditions and stronger global demand.
The company continues to ramp up production at the Kalgoorlie processing facility and it is also expanding heavy rare earth separation capacity in Malaysia which could support future growth.
The stock has surged 9.5% in the past one week, 31.44% in the past one month and 66.5% year-to-date which shows continuous momentum and a phenomenal rally driven by strong rare earth demand and improved fundamentals.
(Source: Company Announcements)
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