Lynas Locks in Price Floors as Revenue Jumps 55%
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Lynas posts highest quarterly sales since 2022 - Australian Resources & Investment
Image: Timon/stock.adobe.comLynas Rare Earths (ASX: LYC) has delivered its strongest quarterly sales revenue in more than four years, with higher realised prices and record neodymium-praseodymium (NdPr) production highlighting the growing commercial value of its rare-earths supply chain. The company reported gross sales revenue of $310.1 million for the September quarter, up 55 per cent from the […] The post Lynas posts highest quarterly sales s…
Lynas Shares Reverse Early Slide to Close Up 4% as Record Rare Earth Prices Drive 55% Quarterly Revenue Jump
Lynas Rare Earths shares rose 4.2% after record prices lifted quarterly revenue 55%, despite the result missing expectations and sales volumes falling 17.7%.
Lynas posts 55% revenue jump on record prices, flags plant shutdowns
Australia's Lynas Rare Earths posted a 55% jump in first-quarter revenue on Thursday, helped by record realised prices, while warning that planned shutdowns at its Malaysia and Kalgoorlie facilities would weigh on current-quarter production. Growing Western demand for non-Chinese critical minerals supply has boosted Lynas' ability to lock in floor-price contracts above market benchmarks, strengthening pricing even as China remains the dominant p…
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