Australian rare earth stocks (ASX)

This is a directory, not a recommendation. It shows no share prices, market values or targets, which change daily. Check current figures with your broker and each company's filings. See the disclosures.

How to read this list

Australian rare earth equities combine one producer, Lynas, with refiners and a long list of development projects in Western Australia, the Northern Territory and Brazil.

Most ASX names depend on offtake agreements and government finance, so project funding news matters as much as the metal price.

All companies

All companies

Company	Ticker	Exchange	Role	Focus	Main asset
Lynas Rare Earths	LYC	ASX	Mining	Light and heavy rare earths, separation	Mount Weld mine; Kalgoorlie cracking; Kuantan, Malaysia separation
Iluka Resources	ILU	ASX	Refining	Mineral sands, rare earth refinery	Eneabba refinery project, Western Australia
Arafura Rare Earths	ARU	ASX	Development	NdPr oxide	Nolans project, Northern Territory
Australian Strategic Materials	ASM	ASX	Refining	Metals and alloys from rare earth oxides	Korean Metals Plant, Ochang; Dubbo project, New South Wales
Northern Minerals	NTU	ASX	Mining	Dysprosium and terbium in xenotime	Browns Range, Western Australia
Hastings Technology Metals	HAS	ASX	Development	Light rare earths	Yangibana project, Western Australia
Meteoric Resources	MEI	ASX	Development	Ionic clay heavy rare earths	Caldeira project, Brazil
Lindian Resources	LIN	ASX	Development	Carbonatite rare earths	Kangankunde project, Malawi
VHM	VHM	ASX	Development	Rare earths and mineral sands	Goschen project, Victoria; Iluka concentrate offtake agreed July 2026

Roles: Mining = operating mine or concentrate; Development = pre-production project; Refining = separation or metal-making; Magnets = magnet production; Byproduct producer = recovers the metal from another commodity. Compiled from company disclosures, reviewed 28 October 2026; report errors on the corrections page.

Australian rare earth stocks (ASX): frequently asked questions

What are the main ASX rare earth stocks?

Lynas (ASX: LYC) is the only large producer. Iluka (ILU), Arafura (ARU), Australian Strategic Materials (ASM), Northern Minerals (NTU), Hastings (HAS), Meteoric (MEI), Lindian (LIN) and VHM are development or refining names.

Does Australia produce rare earths?

Yes. Lynas mines Mount Weld in Western Australia and separates in Malaysia. Australia is among the largest producers outside China.

Which ASX company targets dysprosium and terbium?

Northern Minerals targets dysprosium and terbium from xenotime at Browns Range. Lynas also separates heavy rare earths at its Malaysian plant.

Sources

1. U.S. Geological Survey, Mineral Commodity Summaries 2026

See also: rare earth stocks · rare earth ETFs · how to invest · rare earth prices