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Lynas's Kalgoorlie processing plant receives first rare-earths feed

Lynas Rare Earths said on
Thursday its Kalgoorlie processing facility in Western Australia
received its first rare-earths feed, marking a milestone in the
miner's aim to expand its footprint and...

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Lynas Rare Earths gets $14 mln Australian govt grant to develop a project

Lynas Rare Earths said on Wednesday it won a A$20 million ($13.5 million) government grant to develop a new leach circuit project to process apatite-rich ore at its Mt Weld site in Western Australia.

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Lynas posts record revenue on strong demand for rare earths

The miner also posted a record NdPr production of 1,687 tonnes during the quarter.

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Australia's Lynas posts record revenue on strong demand for rare earths

(Reuters) -Australia's Lynas Rare Earths on Tuesday posted a record quarterly revenue as demand for the specialized metals it mines surged amid a glob...

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Lynas posts record annual profit as demand rebounds

Profit after tax came in at A$157.1 million for the year ended June 30, compared with a loss of A$19.4 million a year earlier.

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Australia's Lynas quarterly revenue hits record on stronger demand, prices


Australia’s Lynas quarterly revenue hits record on stronger demand, prices
(Reuters) – Australia’s Lynas Rare Earths Ltd on Monday reported record revenue in its fourth quarter, as demand for the metals it mines that are used in electric vehicles, smartphones and military equipment spurred prices higher.
Relaxed coronavirus curbs, coupled with booming demand for electric vehicles amid a global push to reduce carbon emissions, have helped the rare earths market bounce back from last year’s drop and led to a surge in prices.
“Demand for Lynas products, in particular for our NdPr product family, continued to be very strong through the quarter, leading to record sales and cash collection,” Chief Executive Officer Amanda Lacaze said.

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Strong rare earths demand drives record revenue at Australia's Lynas


Strong rare earths demand drives record revenue at Australia's Lynas
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Strong rare earths demand drives record revenue at Australia's Lynas
A truck carrying rare earth travels towards Lynas Corp's Mount Weld processing plant, northeast of Perth, in Western Australia on Aug 23, 2019. (Photo: Reuters/Melanie Burton)
26 Jul 2021 07:50AM
(Updated:
26 Jul 2021 07:50AM)
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Australia's Lynas Rare Earths on Monday (Jul 26) reported record quarterly revenue, as robust demand led to a jump in sales of the metals it mines and offset softness in prices of neodymium and praseodymium (NdPr).
Demand for NdPr and other rare earth materials has rebounded from a pandemic-driven drop last year as electric vehicles continue to gain popularity amid a global push to reduce carbon emissions.

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Australia's Lynas posts record revenue on robust demand, shares hit 8-year high


Tejaswi Marthi
2 minute read
A truck carrying rare earth travels towards Lynas Corp's Mount Weld processing plant, northeast of Perth, in Western Australia, August 23, 2019. Picture taken August 23. REUTERS/Melanie Burton
Summary
Q4 NdPr production up 79.7% from a year ago
Softer prices in qtr due to "normal correction" - CEO
July 26 (Reuters) - Australia's Lynas Rare Earths Ltd (LYC.AX) posted record quarterly revenue on Monday on the back of "very strong" demand for its range of specialized metals that offset softer prices, sending its shares to a more than eight-year high.
Lynas, the largest rare earths producer outside China, reported a jump in fourth-quarter revenue to A$185.9 million ($137 million), more than triple A$38 million a year earlier, pushing the stock up 9% to A$7.01, its highest since January 2013.

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Lynas Rare Earths : Australia's Lynas posts record revenue on robust demand, shares hit 8-year high

Lynas Rare Earths : Australia's Lynas posts record revenue on robust demand, shares hit 8-year high
marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.

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