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(Reuters) - Australia's Lynas Rare Earths posted a 58.3% drop in its third-quarter sales revenue on Wednesday, hurt by subdued prices for rare earths and increased output in China, a dominant producer, further weighing on demand. The world's larges...
(Reuters) -British multinational miner Anglo American said on Thursday it "received an unsolicited, non-binding and highly conditional combination proposal" from global mining giant BHP Group. London-listed Anglo American, which owns 85% of De Beers diamond business, had a market capitalisation of $36.71 billion as of Wednesday's close, according to LSEG data. In a statement, Anglo American said its board was reviewing the all-stock buyout proposal from BHP.
-Australian miner Lynas posted a slump in third-quarter sales revenue on Wednesday on the back of a plunge in prices for rare earths but signaled a slight recovery in April. ... -April 23, 2024 at 06:57 pm EDT - MarketScreener
-Australian miner Lynas posted a slump in third-quarter sales revenue on Wednesday on the back of a plunge in prices for rare earths but signaled a slight recovery in April. ... -April 23, 2024 at 06:57 pm EDT - MarketScreener
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 anybody else in rare earths sector," CEO Amanda Lacaze told analysts on a quarterly call, noting a &#...