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Australian rare earths miner Lynas Corp posted a 50% jump in annual profit on Thursday amid record production of major rare earth elements but the company said most of its growth will be outside China.
KUALA LUMPUR: Lynas Corp, which operate a controversial rare earth processing plant in Gebeng, near Kuantan, can potentially emerge as a “winner” in the protracted trade war between the United States and China.
KUALA LUMPUR: Malaysia plans to extend Lynas Corp's
MELBOURNE: Australia’s Lynas Corp said it has signed a 10-year loan extension on easier terms with its long-time Japanese backers, increasing its commitment to supply rare earths to Japanese customers.
Australia's Lynas Corp said on Thursday it signed a 10-year loan extension on easier terms with its long-time Japanese backers, increasing its commitment to supply rare earths to Japanese customers
MELBOURNE: Australia's Lynas Corp said its appeal against the Malaysian government's new licence conditions would be heard on June 28, after the Southeast Asian nation's environment ministry attached new conditions regarding the removal of low level radioactive residues late last year.
WASHINGTON: Rare earth elements are used in a wide range of consumer products, from iPhones to electric car motors, as well as military jet engines, satellites and lasers.
SHANGHAI: Shares in rare earth-related companies soared on Tuesday, led by jumps in Chinese producers a day after Chinese President Xi Jinping visited a rare earth firm in southern China, sparking speculation the sector could be the next front in the Sino-U.S. trade war.
BENGALURU: Rare earths producer Lynas Corp said on Tuesday it plans on spending A$500 million ($345.50 million) by 2025 to boost production and establish an initial processing facility in Western Australia, among others.
MELBOURNE: Rare earths producer Lynas Corp on Tuesday unveiled detailed plans to spend A$500 million (US$346 million) to boost production and set up an initial processing facility in Western Australia by 2025.