Low rare earth prices continue to hurt Lynas
Published: Thursday, 29 September 2016
Large production increases of NdPr and rare earth oxides generally were more than countered by weakening prices, causing the company’s net loss to widen by 14% in the 2016 financial year.
Annual financial results released by
Australian rare earths producer Lynas Corp. today showed that
the company continues to feel the pinch from weak prices,
despite significantly increased production levels.
Lynas reported a total revenue of Australian dollar (A$)
196.1m ($150.4m) for the 2016 financial year, ending in June
2016, up 32% from...