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Australian rare earths miner Lynas' revenue slumps on falling prices

MELBOURNE (Reuters) -Australian miner Lynas posted a slump in third-quarter sales revenue on Wednesday, missing analyst expectations on the back of a plunge in prices for rare earths, while it flagged higher costs at a project in Western Australia. Prices of rare earths were fairly weak during the third quarter, as increased production in China, the top producer, and slower-than-expected demand growth recovery remained a drag. "The market continues to be less than kind to us and to anybod...
Sriraj Kalluvila Rishav Chatterjee Morgan Stanley Visible Alpha Western Australia Sherin Sunny
Source: yahoo.com

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