Lynas stock: China keeps heavy rare-earth export curbs

Published on 11/13/2026 at 20:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

China extended suspended export controls to January 10, 2027. Lynas stock is exposed to overseas pricing while heavy rare-earth supply remains limited.

China curbs keep rare-earth supply tight

China extended the suspension of selected export controls through January 10, 2027, while seven heavy rare-earth licenses remain in force.
Lynas produced 23 tonnes of dysprosium and terbium in the September quarter and reported an average selling price of A$102.1 per kilogram.
Planned maintenance at Lynas facilities is set to reduce near-term production while stockpiles are expected to support customer deliveries.

Lynas, AU000000LYC6, Illustration mit AI erstellt.

China's decision on November 9 to extend the suspension of selected rare-earth export controls has kept pressure on overseas supply and prices. A Crux Investor analysis published November 12 said licenses imposed in April 2025 on seven elements, including dysprosium, terbium and yttrium, remain in force.

Lynas stock traded at 8.12 euros on Lang & Schwarz at 20:14 CET on Friday, November 13, 2026.

Export rules preserve overseas pricing

The policy extension covers the suspension of October 2025 controls through January 10, 2027. It does not remove the separate licensing regime for the seven medium and heavy rare earths, leaving non-Chinese producers with continued access to markets where supply is constrained.

Crux said dysprosium oxide was assessed at 4,100 US dollars per kilogram in North America on October 30, up from 1,200 US dollars at the end of March. The analysis also cited a 125-fold gap between European and Chinese yttrium prices, underscoring the premium available to suppliers outside China.

Lynas combines pricing with maintenance risk

Lynas produced 23 tonnes of dysprosium and terbium in the September quarter. Its average selling price across rare-earth products reached A$102.1 per kilogram, compared with A$54.3 a year earlier, according to the analysis.

The company is also preparing a roughly one-month maintenance shutdown at its Malaysian processing facility and a shorter outage at Kalgoorlie during the December quarter. Lower near-term production will test whether stockpiles can support deliveries while the company carries out the planned work.