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We consider the half-wave maps equation where takes values on the two-dimensional unit sphere and (real line case) or (periodic case). This an energy-critical Hamiltonian evolution equation recently introduced in \cite{LS,Zh}, which formally arises as an effective evolution equation in the classical and continuum limit of Haldane-Shastry quantum spin chains. We prove that the half-wave maps equation admits a Lax pair and we discuss some analytic consequences of this finding. As a variant of our arguments, we also obtain a Lax pair for the half-wave maps equation with target (hyperbolic plane).

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