Australian rare earths developer Lynas Corp. gave a downbeat assessment of mineral demand from Asian economies in its latest set of quarterly results.
The company said that macroeconomic conditions in China, the world’s largest consumer of rare earths, remained “relatively subdued”.
So far this year, average industrial production in China has grown at 10.5%, well below the average yearly growth rate of 14.7% over the last ten years, Lynas observed.
Lynas also noted that Japan, the world’s largest export...