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Rare-earths miner Lynas' Q2 revenue halves on falling prices, lower China demand

Australia's Lynas Rare Earths said on Monday its second-quarter revenue fell sharply, missing analysts' estimates, as prices plunged during a slowdown in construction activity in China, sending its shares to 30-month lows. The world's largest producer of rare-earths outside China said its sales fell 51.7% to A$112.5 million ($74.06 million) in the three months to Dec. 31, from A$232.7 million in the year-ago period. "Major issue for the company at present is the commodity p...
United States Sherry Jacob Phillips Melanie Burton Shivangi Lahiri Richard Chang Dan Morgan
Source: yahoo.com

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