Shares of Australia's Lynas Rare Earths climbed on Thursday to their highest point in more than two years, after global automakers warned that China's export restrictions on rare-earth materials could lead to production delays.

Lynas (OTCPK:LYSCF) (OTCPK:LYSDY) +10% in Thursday's trading to their highest level since February 2023 after global automakers warned that China's export restrictions on rare earth materials could lead to production delays,

Shares of Lynas Rare Earths (ASX: LYC) soared nearly 12% on Thursday, reaching their highest level since February 2023, amid escalating concerns over China’s tightened export controls on rare earth elements. As the largest rare earth producer outside China, Lynas is poised to benefit from the global scramble for alternative suppliers.