Lynas Rare Earths' Malaysia plant posts record output, shares rise 5%

AUSTRALIA's Lynas Rare Earths Ltd's third-quarter revenue plunged nearly 28% due to lower prices, the firm said on Friday, but investors took heart from record output of neodymium-praseodymium (NdPr) from its Malaysia plant.

Shares of the Perth-based rare earths producer rose as much 5.4% to A$6.88, the biggest intraday gain since Jan. 30.