The European Union has urged China to ease restrictions on rare earth materials – critical for everything from cars to washing machines – after Beijing’s export controls disrupted supplies and triggered production turmoil across industries in Europe and America.

As the world's largest rare-earth producer outside China, Lynas is expected to benefit from concerns over global supply stability. Analysts suggest the situation could create favorable conditions for the Australia-listed company amid rising geopolitical tension and demand for critical minerals.

China has stopped almost all shipments of critical minerals that are needed for cars, robots, wind turbines, jet fighters and other technologies.