** Shares of Lynas Rare Earths LYC.AX rise as much as 3.1% to A$7.690, their highest level since May 9
** The world's largest rare earths producer outside of China confirms first production of Dysprosium Oxide at Lynas Malaysia
** Stock on track for its biggest intraday gain since May 5
** LYC up over 16% YTD
(Reporting by Adwitiya Srivastava in Bengaluru)
((Adwitiya.Srivastava@thomsonreuters.com))