Lynas posts record rare earths sales but costs rise

By Antonio Torrisi
Published: Thursday, 01 May 2014

The Australian rare earths producer has increased its sales, but in meeting its targeted annual production capacity the company has seen its costs escalate, which could undermine its capital position, particularly as rare earths prices remain fragile.

Australian rare earths producer, Lynas Corp., has recorded a net increase in rare earths sales during the first quarter of 2014, but it also saw costs of production rise.

Rare earth oxides (REOs) sales rose to Australian dollar (A)$21.9m ($20.3m*) in the first quarter of 2014, compared with A$6.9m in...

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