Lynas Posts 25% Revenue Surge, Inks MoU with Korean JS Link to Forge Rare‑Earth Magnet Chain

By Metals Minerals Publication On Jul 28, 2025

Financial and Operational Highlights

For the quarter ending 30 June 2025, Lynas Rare Earths reported sales revenue of A$170.2 million (≈ US $112.6 million)—a 25% rise compared with A$136.6 million in the same quarter a year earlier.
The company beat consensus estimates by roughly 10%, with analysts anticipating around A$155 million in revenue.

Lynas achieved a production milestone by producing 2,080 tonnes of neodymium–praseodymium (NdPr)—the first quarter it exceeded 2,000 tonnes.
It also began the first-ever commercial output of heavy rare-earth elements—dysprosium and terbium—outside of China, achieved at its Malaysian facility.
The company maintained low-cost production in the lowest quartile and sustained positive operating cash flow, even amid soft pricing conditions.

Lynas entered into a non-binding memorandum of understanding (MoU) with South Korea’s JS Link, a permanent magnet manufacturer, to explore the development of a 3,000-tonne-capacity NdFeB magnet plant in Kuantan, Malaysia, adjacent to Lynas’s advanced materials plant.
Under the agreement, Lynas will supply both light and heavy rare-earth oxides to support JS Link’s magnet manufacturing efforts.
CEO Amanda Lacaze emphasized that South Korean magnet makers are a core growth sector, well positioned to drive demand for Lynas’s rare-earth output.

The deal aligns with rising Western initiatives—especially from the U.S.—to re-shore critical mineral supply chains and reduce reliance on China. For example, the U.S. Department of Defense recently backed MP Materials with a price floor of USD 110/kg for NdPr, nearly doubling Chinese pricing levels.
Lynas’s average realized rare-earth price rose to A$60.20 per kg—the highest since mid‑2022, up from A$42.30 a year ago.
With total rare-earth oxide (REO) output at 3,212 tonnes, Lynas remains the world’s largest producer of heavy and light rare earths outside China.

Operational scale-up: Breaking the 2,000 t NdPr quarterly barrier and initiating heavy rare-earth production helps Lynas cement its rare-earth leadership and reduces reliance on Chinese suppliers.
Vertical integration: The MoU with JS Link marks a strategic shift towards becoming part of the magnet value chain, moving beyond raw material supply into downstream manufacturing.
Geopolitical alignment: The company is actively positioning itself in critical minerals securitization efforts, particularly in the U.S. and partner nations such as Malaysia and South Korea.
Future upside: With strong market momentum and record production trends expected to continue, Lynas is likely to benefit from the rising price environment and growing demand from EVs, electronics, and defense applications.

Revenue surged by 25% year‑on‑year to A$170.2 million in Q4 FY2025.
Production milestones reached: NdPr exceeding 2,000 t and first-ever heavy rare-earth output outside China.
Strategic MoU signed with JS Link to explore a 3,000‑t magnet plant in Malaysia.
Positioned for growth through vertical integration and alignment with global critical minerals policy shifts.