AsianFin -- Shares of Lynas Rare Earths surged on Thursday to their highest level in over two years, buoyed by mounting concerns over China’s tightening grip on rare-earth exports that could disrupt global supply chains.

The rally came after several international automakers issued warnings about potential production delays due to reduced access to the critical materials—vital for manufacturing electric vehicles, wind turbines, and other high-tech components.

As the world’s largest producer of rare earths outside China, Australia-based Lynas is poised to benefit from growing demand and heightened geopolitical scrutiny over resource dependence. Analysts say the latest developments could strengthen the strategic position of Lynas, which operates key facilities in Western Australia and Malaysia.

“China’s export restrictions are creating a sense of urgency among manufacturers to diversify their supply chains,” said a Sydney-based mining analyst. “That plays directly into Lynas’ value proposition.”

The renewed spotlight on rare-earth security comes amid broader global efforts to de-risk supply networks for critical minerals, especially as tensions between China and Western nations continue to simmer.