Lynas hits records for revenue, NdPr production on strong rare earths demand

Tuesday, April 12, 2022

Lynas Rare Earths (OTCPK:LYSCF) on Tuesday reported quarterly records for revenues and production, as demand for specialized metals surged in the global push to electrify vehicles.

The world's largest producer of rare earths outside China said revenue rose to A$327.7M (US$243.1M) in its FQ3 from A$110M in the year-earlier quarter and A$202.7M in FQ2.

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Category: News