Australia's Lynas Rare Earths Q4 revenue dropped 13.3% to A$136.6m due to higher Chinese production.
Australia's Lynas Rare Earths reported a 13.3% drop in Q4 revenue, with sales revenue of A$136.6m ($90.72m) compared to A$157.5m a year earlier. The decline is attributed to higher Chinese production putting pressure on prices, despite a slight improvement in China's domestic demand. Lynas produced 1,504 REOt of NdPr, its main product, during the quarter, down from 1,864 REOt a year ago.
July 22, 2024
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