Lynas Rare Earths confirms takeover talks that did not proceed

Key facts

• Lynas Rare Earths confirmed it was involved in takeover discussions earlier this year.
• The discussions did not proceed due to a high level of uncertainty.
• The company is the largest producer of rare earths outside of China.
• The search for a new CEO has been suspended following the failed talks.

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. The company is the largest producer of rare earths outside of China. Following these discussions, Lynas Rare Earths suspended its search for a new CEO, after the retirement of Amanda Lacaze.