Australian rare earth stocks surge on MP Materials' multi-billion-dollar US deal, led by Lynas and Iluka
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 11 2025
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Source: SeekingAlpha
Lynas Rare Earths Stock Surge: Lynas Rare Earths saw a significant stock increase of up to 20%, reaching its highest level since August 2022, following MP Materials' partnership with the U.S. government aimed at establishing a domestic rare earth magnet supply chain.
Market Reactions and Upgrades: Iluka Resources experienced a record intraday gain of 27%, while Jefferies upgraded Lynas to "buy" with a new price target of A$10 per share, indicating strong potential for growth in the rare earth market amid rising geopolitical tensions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
