Australia's Lynas Rare Earths first-quarter revenue falls 22%
© Reuters. FILE PHOTO: A small toy figure and mineral imitation are seen in front of the Lynas Rare Earths logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/Illustration
- Australia's Lynas Rare Earths reported a 21.8% fall in first-quarter revenue on Friday, hurt by lower product prices and continued accumulation of inventory. The world's largest producer of rare earths outside China said sales revenue was A$128.1 million for the three months to Sept. 30, compared with A$163.8 million a year ago and a consensus estimate of A$159 million, according to Barrenjoey.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.
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