ASX Rare Earth Stocks
The magnet stocks — NdPr, dysprosium and the separation plants — ranked by short interest.
14 constituents · short positions as of · ASIC data, T+4 delay
Median short
0.23%
across 14 constituents
Most shorted
LYC
11.53% of issued capital
Biggest 4-week riser
LIN
+4.48pp in 4 weeks
Above 5% short
3
of 14 constituents
Theme short interest over time
Weekly average · shaded band is the constituent rangeConstituents
| Code | Company | Industry | Short % | Δ 4w | Price | Δ 1m | Days to cover |
|---|---|---|---|---|---|---|---|
| LYC | Lynas Rare Earths | Materials | 11.53% | +1.4pp | $12.40 | -20.0% | 27.1 |
| LIN | Lindian Resources | Materials | 5.85% | +4.5pp | $0.465 | -33.1% | 4.9 |
| ARU | Arafura Rare Earths | Materials | 5.52% | +3.3pp | $0.165 | -21.4% | 10.8 |
| BRE | Brazilian Rare Earths | Materials | 2.11% | +2.0pp | $3.22 | -14.8% | 5.7 |
| VMM | Viridis Mining And Minerals | Materials | 1.19% | +0.1pp | $3.64 | -0.3% | 2.0 |
| ARR | American Rare Earths | Materials | 0.41% | -0.0pp | $0.33 | -7.0% | 6.5 |
| HAS | Hastings Technology Metals | Materials | 0.24% | +0.0pp | $0.245 | -9.3% | 5.9 |
| NTU | Northern Minerals | Materials | 0.21% | -0.1pp | $0.024 | -7.7% | 2.0 |
| MEI | Meteoric Resources | Materials | 0.21% | -0.2pp | $0.24 | +23.1% | 0.3 |
| IXR | Ionic Rare Earths | Materials | 0.03% | -0.0pp | $0.615 | +61.8% | 0.1 |
| CRI | Critica | Materials | 0.03% | +0.0pp | $0.026 | +18.2% | 0.1 |
| VML | Vital Metals | Materials | 0.00% | -0.0pp | $0.095 | — | 0.1 |
| ASM | Australian Strategic Materials | Materials | 0.00% | -1.2pp | $1.17 | +12.5% | — |
| VHM | Vhm | Materials | 0.00% | -0.0pp | $0.24 | +14.3% | 0.0 |
Membership is curated and verified against company metadata — a wrong member is worse than a missing one. Refine further in the screener.
Latest rare earths news
- Why Did Arafura Rare Earths (ASX:ARU) Extend a Binding Offtake Agreement With a Wind Turbine Maker? - Kalkine
ARU · googlenews · 9 Oct 2026
- Nolans Groundbreaking Ceremony
ARU · asx · 8 Oct 2026
- Proposed issue of securities - VMM
VMM · asx · 8 Oct 2026
- Brazilian Rare Earths And 2 Top Australian Rare Earth Stocks - Simply Wall Street
BRE · googlenews · 8 Oct 2026
- Is Arafura (ASX:ARU) Finally Digging In at Nolans?
ARU · kalkine · 8 Oct 2026
- Why Is Lynas (ASX:LYC) Reaching Into Brazil for Rare Earths?
LYC · kalkine · 8 Oct 2026
- Lynas Rare Earths (ASX:LYC) Shares Fall Over the Year Despite Record FY26 Revenue and a Return to Substantial Profit - Kalkine
LYC · googlenews · 6 Oct 2026
- Mitsubishi UFJ Financial Group No Longer a Substantial Shareholder in Lindian Resources as of October 2, 2026
LIN · kalkine · 5 Oct 2026
About this theme
Rare earths are the ASX's purest policy trade. The elements that matter commercially are the magnet inputs — neodymium, praseodymium, dysprosium and terbium — because permanent magnets drive electric vehicle motors, wind turbines and guided weapons, and because China refines the overwhelming majority of them. That concentration is what governments are paying to break, so the magnet stocks re-rate on offtake agreements, price floors and defence funding rather than on production. Short sellers are drawn to the same feature from the other side: most names here are pre-revenue developers whose separation flowsheets are technically hard, whose capital costs keep rising, and whose economics depend on an opaque, thinly traded price set outside the market they sell into. Crowding builds when an equity raise is expected or a milestone slips, and unwinds violently when a policy announcement lands.
Short positions come from official ASIC short position reports (published with a T+4 trading-day delay) joined with daily price and volume data. The chart averages the constituents reporting in each week and shades the range between the least and most shorted of them; a member with no data that week is absent from the average rather than counted as zero.