LYC.AX

Lynas Rare Earths Ltd

research_scan theme='robotics-humanoids'; value_chain_position='upstream-enabler'; Largest non-China rare-earth separator + oxide producer. Kalgoorlie WA heavy-rare-earth plant targeting late 2026/2027 first oxide (Dy/Tb) — the only non-China source for the heavy-RE additives that preserve NdFeB coercivity at operating temperatures required in humanoid motors, wind turbine generators, and EV drivetrains. Structurally the second sovereign-tier player alongside MP; less exposed to US ramp-cost gap that has hit MP equity but more exposed to Malaysia + Australia permitting cycles.