The company expects to set new production records each month as it begins to reap the benefits of recent capital investments. — Reuters
SYDNEY: Australia’s Lynas Rare Earths beat estimates for fourth-quarter (4Q) revenue by 10%, driven by higher selling prices across all rare earths products, and entered into a magnet manufacturing deal with South Korea’s JS Link.
The world’s largest producer of rare earths outside China said yesterday that it was seeing strong demand growth from end-use customers and emerging magnet manufacturing projects after Beijing curbed exports of the metals used in consumer electronics, electric vehicles and aircraft engines.
