• Quarterly NdPr production exceeded 2,000 tonnes for the first time
• First commercial production of separated Heavy Rare Earths outside China in decades
• Signed MOUs for new upstream and downstream rare earths projects in Malaysia

Lynas Rare Earths Ltd reported a number of key achievements in the quarter ended 30 June 2025. Quarterly production of NdPr exceeded 2,000 tonnes for the first time, and the company also achieved first commercial production of separated Dysprosium Oxide and Terbium Oxide, marking the first commercial production of separated Heavy Rare Earths outside China in decades. The company also made progress on its growth projects, with construction of the Mt Weld Expansion nearing completion and the installation of the first wind turbine at Mt Weld as part of the transition to renewable energy sources. Lynas also signed two Memorandums of Understanding (MOUs) for new upstream and downstream rare earths projects in Malaysia, including an MOU with the Kelantan Menteri Besar (MB) Inc for the development of rare earth deposits and the future supply of mixed rare earth carbonate to the Lynas Malaysia plant, as well as an MOU with Korean permanent magnet manufacturer JS Link to collaborate on the development of a new magnet manufacturing facility in Malaysia. Sales revenue grew 38% compared to the prior quarter, driven by higher average selling prices, and the company continues to focus on building its strategic customer base and developing new supply chains.

Lynas is experiencing a significant increase in demand from direct end customers and new magnet maker projects. The company is focused on stabilising production at higher run rates while managing overall production levels in line with market demand.

While market volatility is expected to continue through the September 2025 quarter due to uncertainties in the global trade environment, Lynas is well-positioned to capitalize on the strong demand for its products, including its new Heavy Rare Earths production capacity.