Key facts
- Lynas Rare Earths was in takeover talks earlier this year.
- The discussions did not proceed.
- The company is the world's biggest producer of rare earths outside China.
- Lynas is currently searching for a new CEO following the retirement of Amanda Lacaze.
Australian miner Lynas Rare Earths confirmed that it was involved in takeover discussions earlier this year. A spokesperson for the company stated that the discussions had a high level of uncertainty and ultimately did not proceed. Lynas Rare Earths is the largest producer of rare earths outside of China. The company is currently in the process of searching for a new CEO, following the retirement of Amanda Lacaze. Last month, Lynas reported a significant increase in its annual profit, driven by record average selling prices for rare-earth oxide and robust demand, although it fell short of market expectations.