EL7.AI
StocksMedium•29 October 2026•
2 min read

Lynas Posts Record Price of A$102.1 per Kilogram

Key Facts

1The average selling price reached a record A$102.1 per kilogram, up 88%.
2Oxide sales volumes fell 17.7%, while production rose 6.5% to 4,254 metric tons.
3Lynas shares rose 4.2% on October 29, posting their highest close since October 7.
4The Malaysia facility will shut for a month in the December quarter, and the Kalgoorlie facility for two weeks during the second quarter of financial year 2027.

Lynas lifted its average selling price for rare earth oxides to a record A$102.1 per kilogram in the September 2026 quarter, up 88% from the corresponding period, Reuters reported, citing the company. Minimum price agreements, which cover more than half of its production, supported the average price. This came as oxide sales volumes fell 17.7% year on year. By contrast, total oxide production rose 6.5% to 4,254 metric tons during the quarter. The company's shares rose 4.2% in the October 29 session, marking their highest close since October 7.

The figures reflect a divergence between production and sales during the quarter: oxide production rose to 4,254 metric tons, while volumes sold fell 17.7% compared with the September quarter of the previous year. Reuters said higher prices offset the decline in sales volumes. Neodymium and praseodymium oxide production also remained broadly stable, according to the same source. This means the increase in the average selling price was a key driver of sales performance during the period, alongside a decline in the volume of oxides sold. Reuters reported that minimum price agreements covered more than half of Lynas' production through the September quarter.

The agreements provide partial protection from fluctuations in Chinese rare earth prices, according to David Tuckwell, investment director at ETF Shares. Tuckwell said, "Floors protect Lynas from Chinese price volatility and limit earnings swings." His comments point to the role of the pricing mechanism in limiting the company's exposure to changes in the Chinese market. This protection coincides with the average selling price reaching a record in the quarter. Sales volumes, however, declined over the same period, according to figures reported by Reuters.

Operations face scheduled maintenance shutdowns in coming periods. Lynas said its processing plant in Malaysia will shut for a month during the December 2026 quarter for maintenance. The Kalgoorlie facility will also undergo a planned two-week shutdown during the second quarter of financial year 2027, alongside power grid upgrades. The company said the shutdowns will reduce production compared with the September quarter. This places the production impact of maintenance in subsequent quarters among the operational considerations announced by the company.