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
-
15
Click on the number of times:
0
来源：ACS PublicationsThe compound Sm3Ge5 adopts two modifications with Pearson symbols hP16 (AlB2-derivative) and oF64 (defect α-ThSi2-type) upon synthesis at ambient pressure. Synthesis at extrem...
2025
-
09
-
12
Click on the number of times:
0
Synergistic Coupling of Antenna Effect and Schottky Junction in Tb-Doped Covalent Organic Framework for Enhanced Electrochemiluminescence Sening of Isobutyryl Fentanyl来源：ACS PublicationsRational desig...
2025
-
09
-
10
Click on the number of times:
0
来源：ACS PublicationsThe development of a catalyst exhibiting high resistance to SO2 and H2O, while demonstrating superior CO oxidation performance, is of significant importance for specific industrial ...
2025
-
09
-
09
Click on the number of times:
0
Structural Investigation of Six Quinary Sulfides Synthesized via the Flux-Assisted Boron-Chalcogen Mixture (BCM) Method Eu2+ Containing Members of the RE3MTQ7 (M and T = Transition or Main Group Metal...