Lynas Rare Earths CEO Amanda Lacaze has spoken at a WA Mining Club lunch. PIctured is Ms Lacase at the event at Optus Stadium
Amanda Lacaze has announced her resignation as chief executive of Lynas Rare Earths, concluding a twelve-year tenure that transformed the company from a struggling startup into a significant player in the rare earths sector. The announcement was made to the Australian Securities Exchange on October 3, 2023. Lacaze will remain with the company until the end of the current financial year to assist in the transition while the board searches for her successor.
Reflecting on her time at Lynas, Lacaze stated, “I’ve loved every day of my 12 years at Lynas. It has been a great privilege to lead the company from a troubled startup to an ASX50 company.” Under her leadership, Lynas has developed its mining and refining operations in Kalgoorlie and Malaysia, positioning itself as a vital supplier of rare earth materials.
Lynas has gained heightened attention in recent years as demand for rare earths has surged, particularly following intensified efforts by the United States to secure its supply of these critical materials. The company’s shares have performed notably well, trading at $14.78, with an increase of nearly 18 percent over the past month. This rise is attributed to recent restrictions on rare earth exports imposed by China, the world’s leading supplier of these commodities.
As Lacaze prepares to step down, the focus remains on the future direction of Lynas and how it will continue to navigate the evolving landscape of the rare earths market. The company’s strategic decisions in the coming months will likely have significant implications for its operations and shareholder value.
Further updates regarding the search for a new chief executive and Lynas’s ongoing initiatives are expected in the near future.
