Lynas FY26: record A$977.9M revenue and 7,260 t NdPr as Mt Weld expansion is completed

Lynas Rare Earths/Mt Weld mine and Kalgoorlie processing

Lynas reported record annual revenue of A$977.9 million and net profit of A$222.4 million for the year to June 2026. Output rose to 13,089 tonnes of rare-earth oxides, including 7,260 tonnes of NdPr. Construction and commissioning of the Mt Weld expansion was completed, though the new flowsheet was still ramping up and Kalgoorlie faced power and feed problems.

• Mt Weld flotation ran at 70% of design capacity by December 2025.
• Updated Japanese offtake (JARE): 5,000 t/yr NdPr with a US$110/kg floor.
• Mt Weld ore reserve supports more than 20 years at expanded rates.
• Scoping study done on developing the Mt Weld carbonatite further.