Azzet reports on three stocks with price moving updates today.
Lynas Rare Earths climbs on revised JARE agreement ~
Shares in Lynas Rare Earths (ASX: LYC) were trading 12.9% higher by 1:35 pm AEDT (2:35 am GMT) after the world's only major producer of separated rare earth materials outside of China announced a revised long-term supply agreement with Japan Australia Rare Earths (JARE).
Now extended to 2038, the long-term supply agreement with JARE locks in offtake for 5,000 tonnes of NdPr per year at a market linked price floor of US$110/kg.
In addition to cementing Lynas as a cornerstone supplier of key materials for the Japanese industry amid ongoing geopolitical tensions and Chinese export restrictions, today’s deal also reinforces Lynas' position as a critical supplier outside of China.
The revised deal will see JARE buy 5000 tonnes of neodymium-praseodymium (NdPr) from Lynas annually at a market-linked floor price of US$110 per kilogram.
While Lynas will provide up to 7,200 tonnes per annum of NdPr to Japanese industry to 2038, sales above this minimum [5000 tonnes] volume will be by mutual agreement and at no opportunity loss to Lynas.
The agreement also covers heavy rare earth oxides, with 75 per cent of Lynas’ production to be made available to Japan and JARE committing to buy the equivalent of 50% of output.
An upside-sharing mechanism will apply when NdPr prices exceed US$150 per kilogram, with 30% of the price above that level paid to JARE, capped at US$10 million a year.
Commenting on the new agreement, Lynas CEO Amanda Lacaze told the market that Lynas’ long-standing partnership with JARE has created a strong foundation for the development of the company’s business.
She reminded the market that the revised 12-year availability and supply agreement with JARE underpins the continued growth and development of Lynas.
“This new agreement will ensure continued reliable supply of rare earth products that are strategically important to Japanese industry and its global market, and at the same time, the implementation of fair market pricing will reduce price volatility for Lynas and enable continued growth and investment in our operations,” she said.
“We are confident this new agreement, alongside other policy initiatives from governments around the world, will contribute to improved rare earths market dynamics.”
The company will continue to work closely with JARE – a special-purpose company established by Japan Organisation for Metals and Energy Security (JOGMEC) and Sojitz Corporation - to ensure the sustainability of the agreement, monitor rare earth market trends, and review terms annually.
This collaborative framework is expected to help Lynas manage market volatility and remain a critical player in global supply chains.
The stock’s share price tumbled from $21.64 mid-October last year due to easing US-China trade tensions, specifically a preliminary agreement to pause planned tariffs and export restrictions.
However, the share price has managed to stage an ascent since plunging to a low of $12.22 early January, with the stock trading at $20.20 this morning.
Lynas Rare Earths has a market cap of $20 billion; the share price is up 188% in one year and up 62% year to date.
The stock appears to be in a long-term uptrend, confirmed by multiple indicators.
Consensus is Moderate Buy.
DroneShield rises after disclosing EU expansion
Shares in DroneShield (ASX: DRO) were trading up 1.2% based on revelations that the manufacturing counter-drone armaments is establishing counter-UAS manufacturing in the EU, marking a major expansion of its European (EU) industrial footprint and manufacturing capacity.
By expanding is EU footprint, the company expects to capitalise on increased momentum across the continent - with national military investments growing under the ReArm Europe Plan / Readiness 2030 initiative - which further accelerates the need for mature, scalable, and sovereign counter-UAS capability.
Commenting today’s update, management told the market that under a new collaboration with an [undisclosed] experienced and established manufacturer, production of European-made counter-UAS systems is now underway, with delivery scheduled for mid-2026.
It’s understood that the contract manufacturer will carry out full turnkey assembly and component manufacturing, including PCB assembly, precision machining, cable and wire harness assembly, and associated assembly and testing labour.
As part of this collaboration, DroneShield has established and will continue to grow a primarily EU-based supply chain, making this the company's only production line currently outside of Australia.
“By establishing dedicated manufacturing in the EU, DroneShield is contributing to Europe’s sovereign capability while continuing to deliver rapidly and reliably for our European customers,” said DroneShield CEO Oleg Vornik.
“The ReArm Europe Plan / Readiness 2030 initiative has highlighted the importance of localised, scalable production, and this new production line positions us to meet that demand.”
The establishment of counter-UAS production in Europe is planned to grow the company’s combined total annual production capacity from approximately $500 million in 2025 to an expected $2.4 billion by the end of 2026.
Due to continued news flow from DroneShield, the stock is never far from the headlines.
However, despite recent major [positive] announcements, including a momentum of major contract wins, the share price – which fell off a cliff early October – is still in overhang mode due to a major selloff by company insiders and after mistakenly making the same announcement twice on 10 November 2025.
What’s also creating a headwind for the stock is the volume of short selling, which accounts for 9.5% of all trades.
The stock is currently trading on a 20% discount to Bell Potter’s latest target price of $4.80.
DroneShield has a market cap of $3.7 billion; the share price is up 375% in one year and up 21% in the last month.
The stock appears to be in a long-term uptrend confirmed by multiple indicators.
Consensus is Strong Buy.
Ora Banda soars after updating Davyhurst gold resource
Shares in Ora Banda Mining (ASX: OBM) were trading 18.6% higher after the gold mining large cap revealed that expansion drilling at the Davyhurst gold project in WA has seen the Round Dam mineral resource grow tenfold.
Expansion drilling has delivered a 964% increase to the Round Dam resource, which now totals 25.6Mt at 1.6g/t gold for 1.33 million ounces of contained gold.
The entire Round Dam MRE is now considered suitable for open pit mining and has been estimated with open pit shells that are cash-flow positive at $5,000 per ounce.
It also remains open along strike and at depth.
The resource boost has resulted in the gold miner increasing its overall resource base at Davyhurst by 57% to 3.3 million ounces of contained gold.
While resource updates covering other deposits at Davyhurst are planned for release in mid-2026, management maintains that exploration along the Round Dam trend is still early stage, with follow-up drilling continuing to grow the mineral resource estimate (MRE).
Commenting on today’s update, Ora Banda’s managing director, Luke Creagh, told the market there’s no doubt of the scale of the Round Dam system’s upside potential to find more mineralisation along strike and at depth.
He’s adamant that recent results underpin the miner’s confidence in rapid resource upgrades through our ongoing organic growth programs.
“We are incredibly excited by the potential of Round Dam to become a substantial mining operation, as the Company continues to advance it’s study work into the construction of a standalone ~3mtpa processing facility at Davyhurst,” said Creagh.
Overall, the gold miner produced over 90,000 ounces of gold in FY25 and plans to raise this number to between 140,000 and 155,000 ounces in FY26.
To support increased production at Davyhurst, management is proposing an upgrade of its 1.2Mtpa processing plant to 3Mtpa.
Ora Banda’s budgeted $73 million for exploration at Davyhurst in FY26, which equates to around 330km of drilling.
While the company is systematically exploring the open pit and underground mining potential along a 7.5km section of the 18km-long Round Dam trend, management remined the market that the northern half of this trend lies under cover and remains underexplored.
Ora Banda Mining has a market cap of $2.6 billion; the share price 47% in one year and up 9% in the last month.
While the stock's 200-day moving average is trending upwards and highlights long-term investor interest in the stock, the 20-day moving average is falling as upward momentum wanes.
Consensus is Strong Buy.
This article does not constitute financial or product advice. You should consider independent advice before making financial decisions.
