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Lynas reports record sales revenue in Q2 as rare earth prices soar Reuters 28/01/2021 © Reuters/Melanie Burton FILE PHOTO: A Lynas Corp worker walks past sacks of rare earths concentrate waiting to be shipped to Malaysia, at Mount Weld, northeast of Perth, Australia (Reuters) - Australia's Lynas Rare Earths Ltd said on Friday its sales revenue for the December quarter jumped to a record high, helped by a rise in neodymium and praseodymium (NdPr) demand and prices. Rise in demand for electric vehicles in Europe and Asia compensated for the overall fall in demand in the automotive ma...

EPA hurdle for $500 million Kalgoorlie rare earths plant MonMonday 21 The facility would be located in Kalgoorlie, about 600 kilometres from Perth. ( Share Print text only Cancel Western Australia's environmental watchdog has requested a range of information as it works to assess a proposed rare earths facility for Kalgoorlie. Key points: Lynas plans to start building the Kalgoorlie processing plant mid next year This part of the process is currently done in Malaysia but the country has set new restrictions Lynas wants to build a $500 million plant to process rare earths mined at Mount Weld i...

Rare Earths Monthly Metals Index (MMI) surged 26.9% for this month’s reading. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental factors driving prices and a detailed forecast that can be used when sourcing metals for 2021 — including expected average prices, support and resistance levels. European Raw Materials Alliance initiative aims to strengthen supply chain The European Commission recently launched the new European Raw Materials Alliance (ERMA) earlier this year. Last week, ERMA kicked...