Business
Lynas tips big jump in China’s rare earths production – The Australian Financial Review
The Lynas Rare Earths share price has taken a big hit as China’s biggest player looks to double production.
This is not the first time that the market has behaved exactly opposite to the way I would have expected it to behave, she said.
Lynas, the worlds biggest non-China producer, said demand from its customers had bounced back to match or surpass pre-COVID-19 levels and only shipping delays linked to the blockage of the Suez Canal in March prevented it achieving record quarterly sales revenue.
The company recorded sale revenue of $110 million for the March quarter, down from $119.4 million in the previous…
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