Lynas rare earths production and sales accelerate despite problems

By Antonio Torrisi
Published: Friday, 01 August 2014

Increased production and sales of rare earths in the second quarter and the raising of share capital give new cash to the miner, but a further fall in rare earths prices have dampened progress made by the company, which is going face debt repayments in September.

Australian rare earths producer Lynas Corp. has recorded a fourth successive quarter-on-quarter (q-o-q) increase in production and sales volumes since June 2014, despite persisting financial problems.

Production at its Lynas Advanced Materials Plant (LAMP) in Malaysia amounted to 1,882 tonnes rare earths oxides (REO), up 73% q-o-q, representing 47.5% of...

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