AT A GLANCE: Lynas sees rare earth demand recover; forecasts more Chinese competition
Published: Wednesday, 21 April 2021
Rare earth miner Lynas reported recovering demand and higher prices in the first quarter of 2021, but warned that Chinese producers could increase production, in its quarterly results on Tuesday April 20.
Lynas revenues were A$110.0 million ($85.3 million) in the
three months to March 31, 2021, compared with A$119.4 million
in the same period of 2020.The company attributed the fall in
sales revenue in part to a...