Sydney, Feb 20, 2026, 18:28 AEDT — After-hours

• Lynas ended Friday 0.45% higher at A$15.68, having hit an intraday peak of A$16.29.
• This week, a JPMorgan filing revealed the bank is no longer counted as a “substantial holder” in Lynas.
• All eyes on Feb. 26 results, with rare-earth prices climbing and supply risks still front and center for investors.

Lynas Rare Earths (LYC.AX) closed out Friday at A$15.68, gaining 0.45%. Shares swung between A$15.68 and A$16.29 through the session, with roughly 3.9 million changing hands. (Investing.com Australia)

Flat finish, but there’s tension in the background. Rare-earth prices are shifting, and Lynas is due with a readout next week—could be a reset on margins and…