5 Largest Rare Earth Companies in the World

3. Lynas Rare Earths (ASX:LYC.AX)

Market Cap: $4.762 billion

Lynas Rare Earths is the third largest rare earth company in the world by market cap, which is $4.762 billion as of June 2023. The Australian company is a conscientious contributor to the rare earth supply chain as it’s committed to eco-friendly mining practices. Notably, Lynas is a major producer of segregated rare earth materials outside of China, which has long dominated this sector. Moreover, Lynas operates a rare earth processing facility in Malaysia that delivers premium-quality separated rare earth materials to manufacturing sectors in the US, Asia, and Europe. Lynas Rare Earths owns and operates Mount Weld Mine, a rare earth deposit renowned for its exceptional ore grade. This quality aspect and rare earth oxide reserves of 1.64 million metric tons make Mount Weld Mine the most rewarding REE site in Australia.