Shares in Value Logo
Product Review Img Vertical

Date : 05/07/2022

Lynas Rare Earths (ASX: LYC) shares and Other Rare Earth Stocks are Facing New Challenges! Here is all the information

Lynas Rare Earths Ltd (ASX: LYC) is an Australian mining company that is the second-largest producer of rare earth elements after China. The company is the most valuable independent producer of rare earths after China. The company caters to the world’s 20% global demand for rare earth elements.

The company has two significant operations. One is a mining concentration plant at Mount Weld, West Australia, and a refining facility at Kuantan, Malaysia. The company holds a couple of contracts with the United States Government.

According to the company, its project at Mount Weld is one of the world’s highest-grade rare earth element mines. The company was founded in 1983 and is headquartered in Kuantan, Pahang, Malaysia.

Mandiant issued a report claiming that China is behind the alleged targeting of Lynas and other rare earth companies. Lynas seems convinced about the alleged targeted campaign after the U.S. Department of Defense confirmed the alleged involvement of China.

With this recent Lynas news, Lynas Rare Earths (ASX: LYC) shares and other rare earth stocks are facing new challenges! Here is all the information.

ASX: LYC: 1H22 Key Financials (In AUD)

LYC shares are trading at $8.73, losing more than 1.36% on Thursday’s close. The last six months were a roller coaster ride for ASX Lynas investors, but otherwise, LYC stock has gained more than 51% in the past twelve months.


Here are our Lynas Rare Earths Ltd LYC Shares News & Forecast:

  1. Its revenue in 1H22 was $314.8 million-(1H21: 202.5 million)
  2. The operating expense of the company was $20.84 million-(1H21: 16.82 million)
  3. NPAT was $156.9 million-(1H21: 40.6 million)
  4. EBITDA of the company was $189.8 million-(1H21: 80.6 million)
  5. At the end of 31 December 2021, it had cash and cash equivalents of $674.2 million-(1H21: 512.6 million)

DRAGONBRIDGE targets Lynas!

Mandiant, an American cybersecurity company, issued a report in which it highlighted the targeting campaign against rare earth companies. The campaign is known as DRAGONBRIDGE. The report shows the evidence of thousands of fake social media accounts protecting the political interest of China.

Before we move on, we should explain what DRAGONBRIDGE is.

DRAGONBRIDGE is an integrated network of thousands of fake social media accounts across social media platforms, websites, and forums that work systematically to protect and promote the narrative and political interest of the People’s Republic of China (PRC). Mandiant says that they have observed various shifts in the pattern and tactics of DRAGONBRIDGE since they first discovered it. In September 2021, Mandiant reported the expansion in the campaign’s activities.

According to the report by Mandiant, the social media campaign is designed to target Australian rare earths mining company Lynas Rare Earths Ltd (ASX: LYC).

The campaign is stressing to incite people to protest against the planned Lynas’ rare earths processing facility in Texas.

Mandiant’s report is appreciated by the U.S. Department of Defense, stating that the Department of Defense was aware of the targeted campaign against Lynas.

With the help of key interagency stakeholders and partner governments, the department is now conducting an investigation into the incident.

Lynas’ remarks about DRAGONBRIDGE

Lynas Rare Earths Limited is the only major producer of rare earths outside China. The U.S. government has several contracts with the corporation. For the second time this year, the United States Department of Defense (DOD) has awarded Lynas a contract for a commercial heavy rare-earth separation plant. U.S. and LYC struck an agreement in January 2021 for a light rare earths separation plant.

According to Lynas, this is the first time it has seen proof of a clear relationship between “fake social media accounts” and political goals disseminated via the propagation of misinformation. According to Lynas, the investigation provides evidence of direct and reciprocal involvement between the pro-China DRAGONBRIDGE social media accounts and Malaysian anti-Lynas activist groups.

Are LYC shares the type of rare earth stocks to hole & buy? Know the latest news and insights here.

Are You Looking To Buy The Best Stocks In 2024?

Stay on top of upcoming market trends! Whether you are an SMSF investor or a young investor with your portfolio, we cover a wide range of stocks across all sectors, including mining, financials, industrials, real estate, technology, health and biotech, etc. It will give you an edge to invest and trade ASX listed stocks across large, mid and small caps with an advantage.

Get stock tips with our Market Experts. We help self-directed investors and self-managed super funds (SMSF) make smarter investment decisions and get better returns. Fill in your details and download your free Report instantly for Top 3 Dividend Stocks to buy in 2024!


Top 5 ASX Stocks
to Buy for Capital Growth in 2024

Shares In Value - Top 5 ASX Stocks to Buy - Cover 2024
The hardest part to finding growth stocks is having an ability to understand the finer details of these companies from their valuations through to first mover advantage and having key factors on hand to make informed investment decisions.

Our experts take the guesswork out.
ASX insight Stocks Landing

Download Your Free Report

By downloading this report, you agree to our terms and conditions and privacy policy

Scroll to Top


By submitting this form, I agree to the TERMS AND CONDITIONS and PRIVATE POLICY

Income Stocks - Blogs

Please fill in your details to download the free dividend shares report.

By downloading this report, you agree to our terms and conditions and privacy policy

Just 10 Seconds Away From Your Free Report!
Income Stocks - Popup Blog

Please fill in your details to download the free dividend shares report.

By clicking 'Download Report', I accept the Privacy Policy and Member Terms & Conditions.

We will send your report instantly. Please put your correct email address and phone number.