0108 GMT - Lynas's partnership agreement with South Korean magnet producer JS Link is "an incremental positive and a supportive sentiment driver," says Morgan Stanley. The arrangement helps lock in outside-China demand for future neodymium-praseodymium volumes, MS says. That is important for Lynas's ramp-up toward 10,500 metric tons of annual production, as ex-China demand likely remains a key constraint, says the bank. Yet it's unlikely to have a material impact on earnings estimates, given market consensus is already factoring in a rise in production to 11,400 tons in FY 2028 from roughly 7,600 tons in FY 2026, it says. MS has an equal-weight rating and A$20.45 target on Lynas. Shares are down 3.3% at A$17.47 amid a broad-based retreat in Australian mining stocks. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

July 06, 2026 21:08 ET (01:08 GMT)

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