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
-
09
-
03
Click on the number of times:
0
Concentration-Quenching-Suppressed Eu3+-Activated Ba3Lu2B6O15 Orange-Red-Emitting Phosphors via One-Dimensional Structural Confinement for Thermally Stable White LEDs 来源：ACS PublicationsConventio...
2025
-
09
-
02
Click on the number of times:
0
Modulating Electrochemical Performance of La2FeNiO6/MWCNT Nanocomposites for Hydrogen Storage Inquiries: Schiff-Base Ligand-Assisted Synthesis and Characterization来源：ACS PublicationsSince the role of ...
2025
-
09
-
01
Click on the number of times:
0
来源：ACS PublicationsThe reaction of [LnIII(OArP-κ2O,P)3] (1-Ln, Ln = La, Sm, Y, Yb, and ArPO– = 2,4-tBu2-6-(Ph2P)C6H2O–) with the copper(I) triflate toluene adduct yields the corresponding dinuclear ra...
2025
-
08
-
29
Click on the number of times:
0
来源：ACS PublicationsMalonate ligands demonstrate versatility for intercalating metal complexes into layered rare-earth hydroxides (LREHs), enabling controlled tuning of coordination geometry and compos...