Lynas Rare Earths Profit Soars, But Misses Analyst Hype

Lynas Rare Earths Ltd. announced a substantial increase in profit for the latter half of 2025, reporting A$80.2 million compared to A$5.9 million in the previous year. This uplift was attributed to enhanced production levels and more favorable pricing for its primary products, particularly neodymium-praseodymium. The average price for this metal, crucial for motors and turbines, climbed to $74 per kilogram by December 2025, up from $56 at the close of 2024.

Despite the profit surge, the company's financial results did not meet the elevated forecasts from analysts. Lynas cited increased operational costs and disruptions from power outages and maintenance activities as contributing factors. However, CEO Amanda Lacaze expressed confidence in the company's position, stating that Lynas possesses the assets and capabilities to immediately leverage the improved market dynamics.

In separate commentary, JPMorgan Chase CEO Jamie Dimon drew parallels between current financial industry competition and the period preceding the 2008 crisis. He cautioned against risky lending practices aimed solely at boosting net interest income, noting that some entities are engaging in "dumb things." Dimon anticipates that the credit cycle will eventually deteriorate, with potential surprises arising from sectors like software due to artificial intelligence advancements.

While JPMorgan has largely abstained from early involvement in the private credit cycle, it has recently secured significant financing deals, including a $20 billion commitment for a leveraged buyout. Dimon also indicated his expectation that JPMorgan would be a substantial winner in the ongoing AI race. Regarding succession, he stated his intention to remain CEO for a "few years," possibly followed by a role as executive chairman, with the board ultimately deciding his future tenure.