BlackRock exits substantial stake in Lynas Rare Earths

BlackRock Group, including BlackRock Inc. and its subsidiaries, ceased to be a substantial holder in Lynas Rare Earths Limited on November 17, 2025. This follows an initial substantial holding notice filed on November 18, 2025, which reported a 5.05% voting power in Ordinary Shares (AUD 50,831,820) and 0.05% in ADR 1:1 (USD 558,253). A previous notice of ceasing to be a substantial holder was given on November 13, 2025.

Subsequent transactions on November 17, 2025, included various on-market sales and purchases, and in-specie transfers across multiple BlackRock entities. Notable transactions included BlackRock Financial Management, Inc. buying AUD 13,469 and selling AUD 3,667, AUD 1,107, and AUD 7,208. BlackRock Advisors (UK) Limited had significant collateral transfers, including a decrease of AUD 1,793,025 and a decrease of AUD 2,451,507. BlackRock Investment Management (UK) Limited also saw a large collateral transfer, increasing by AUD 5,330,373.

The changes in relevant interests reflect a dynamic adjustment of BlackRock's portfolio in Lynas Rare Earths Limited, with a series of purchases and sales by its various entities, and substantial collateral movements under global master securities lending agreements. The transactions demonstrate a strategic realignment of BlackRock's investment in the rare earths producer.