Strong rare earths demand drives record revenue at Australia's Lynas
The date of：
2021-07-27
viewed:
11
Australia's Lynas Rare Earths on Monday (Jul 26) reported record quarterly revenue, as robust demand led to a jump in sales of the metals it mines and offset softness in prices of neodymium and praseodymium (NdPr).Demand for NdPr and other rare earth materials has rebounded from a pandemic-driven drop last year as electric vehicles continue to gain popularity amid a global push to reduce carbon emissions.NdPr is also used in magnets for windfarms, gadgets like smartphones, and military equipment, and Lynas and other western producers stand to benefit from efforts by the United States to curb its reliance on China for the specialized minerals.'Demand for Lynas products, in particular for our NdPr product family, continued to be very strong through the quarter, leading to record sales and cash collection,' Chief Executive Officer Amanda Lacaze said in a statement.Lacaze said a drop in prices during the quarter was due to 'normal correction after the sharp and speculative increases seen in the previous months' and added that prices had strengthened again in July.The company reported fourth-quarter revenue of A$185.9 million (US$136.97 million), well above A$38 million a year earlier and higher than the prior record of A$119.4 million.Lynas produced 1,393 tonnes of NdPr in the quarter, up from 775 tonnes a year ago. Its full product range garnered an average selling price of A$39.1/kg, up from A$20.2/kg last year.Lynas also said it had identified a second potential site in Malaysia to build a low-level radioactive waste disposal facility amid ongoing delays for clearance of an earlier site identified by the Pahang state government.
Hot News
/
Related to recommend
2025
-
06
-
06
Click on the number of times:
1
来源：ACS PublicationsWe report the activity of transition metals (Fe, Co, and Ru) supported on CeO2 (CeO) and Gd-doped CeO2 (CeGdO) for ammonia synthesis. Compared with BM/CeO (BM = Fe + Co), the Ru/BM/...
2025
-
06
-
05
Click on the number of times:
0
Structural Transformations in Nickel-Doped Lanthanum-Based Electrocatalyst for Enhanced Oxygen Evolution Reaction 来源：ACS PublicationsMetal oxides are among the most promising electrocatalysts for...
2025
-
06
-
04
Click on the number of times:
0
Optimized Flux Single-Crystal Growth of the Quantum Spin Liquid Candidate NdTa7O19 and Other Rare-Earth Heptatantalates, ErTa7O19 and GdTa7O19 来源：ACS PublicationsSingle crystals are essential for...
2025
-
06
-
03
Click on the number of times:
0
Crystal Growth of Quaternary Rare Earth Selenosilicates by Using the Flux-Assisted Boron Chalcogen Mixture Method: Investigation of Their Magnetic and Optical Properties来源：ACS PublicationsA series of ...