News News
Contact us
  • Customer service number:64321087
  • Commercial service telephone:13918059423
  • Technical service telephone:13918059423
  • Contact person: Mr. Cui 
  • Service email:shxtb@163.com
  • Address: room 107, building 8, no. 100, guilin road, xuhui district, Shanghai

Lynas kicks off FY21 with 8% jump in rare earth output

The date of: 2020-10-22
viewed: 2

source:Seeking Alpha

Australia-based Lynas (OTCPK:LYSCF +3.9%) reported positive cash flow and a return to normal production levels for the September quarter after the COVID-related shutdown of its Malaysian operations crippled production for the June quarter

Posted a 8.1% rise in neodymium and praseodymium (NdPr) output as production normalized following the easing of coronavirus restrictions in Malaysia and Western Australia. Rare Earth Oxides production reached 4,110 tonnes.

Lynas said a NdPr production rate of 75% is enough to meet demand as the coronavirus crisis continues to weigh on demand.

Invoiced sales revenue reached A$87M, compared to A$38M a year ago.

The company became cash-flow positive by the end of September and with closing cash balance of $522M, boosted by A$425M equity raise during the quarter.

'Lynas continues to actively engage with all relevant governments regarding rare earths supply chain resilience and opportunities for governments to support local processing and manufacturing industries,' said CEO Amanda Lacaze



Hot News / Related to recommend
  • 2023 - 01 - 19
    Click on the number of times: 1
    Deep seabed mining plans pit renewable energy demand against ocean life in a largely unexplored frontier source:themandarinAs companies race to expand renewable energy and the batteries to store ...
  • 2023 - 01 - 18
    Click on the number of times: 2
    source:natureHafnium isn’t a particularly remarkable element. It’s not your explosive sodium, shimmering mercury or stinky sulfur. It’s a greyish metal and is commonly used as a neutron absorber in th...
  • 2023 - 01 - 17
    Click on the number of times: 1
    source:mydrollIt’s “lights out” for antibiotic-resistant superbugs as next-generation light-activated nanotech proves it can eradicate some of the most notorious and potentially deadly bacteria in the...
  • 2023 - 01 - 16
    Click on the number of times: 1
    source:lva.lenovoBasalt is a type of volcanic rock that is formed when lava with a high content of mafic minerals (such as pyroxene and olivine) cools and solidifies. Basalt lava eruptions occur when ...
  • Copyright ©Copyright 2018 2020 Shanghai rare earth association All Rights Reserved Shanghai ICP NO.2020034223
    the host:Shanghai Association of Rare Earth the guide:Shanghai Development and Application Office of Rare Earth the organizer:Shanghai rare earth industry promotion center
    犀牛云提供云计算服务