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05 · UPSTREAM MATERIALS
Lynas
LYC·ASX

CHOKEPOINT LENS

LAYER05 · Upstream materials
CHOKECONCENTRATED
CHINACHINA-INSULATED · STEEL bezel
ACCESSIBLEYes · via ADR / dual-listing
NODERare earth refining

DOSSIER

ROLE

Australian rare-earth producer — Mt Weld mine, Malaysia LAMP refining, and a Texas heavy-REE separation plant targeting 2026.

CHOKE POSITION

The most credible ex-China route for heavy rare earths (Dy/Tb) — the side of the light/heavy fork where the constraint actually binds.

◈ PROFULL DOSSIER · 9 ITEMSUNLOCK →

Key readouts, what makes the choke pay, what breaks it, and the catalysts on the watch — for every instrument on the board.


PERFORMANCE

No market data available for this instrument.


RELATED SIGNALS

FULL FEED →
2025-06-27Policy

China NdFeB export controls tighten — rare earth licenses now required

China's Ministry of Commerce expands export licensing to cover heavy rare earth alloys and NdFeB magnet powder. New licenses take 45+ days. Western magnet makers face immediate supply gap.

2025-06-10Capacity

Lynas Texas HREE plant delays — Western rare-earth refining bottleneck persists

Lynas announces 6-month delay on Texas heavy rare-earth separation plant. Dysprosium and terbium separation still China-concentrated. MP Materials Mountain Pass expansion on track for light REE only.


INTELLIGENCE FILES


ADJACENT INSTRUMENTS

MP MaterialsMP·NYSENdFeB / rare earths · CONCENTRATED
Noveon MagneticsPRIVATESintered NdFeB magnets · CONCENTRATED
Vulcan ElementsPRIVATENdFeB magnets · CONCENTRATED
Evolution Metals (EM&T)PRIVATESintered NdFeB magnets · CONCENTRATED
Neo Performance MaterialsNEO·TSXRare earth magnets · CONCENTRATED
Proterial (ex-Hitachi Metals)PRIVATENdFeB magnet IP/patents · CONCENTRATED

NOTES

Texas HREE plant targeting 2026


Market intelligence, not financial advice.