A truck carrying rare earth travels towards Lynas Corp's Mount Weld processing plant, northeast of Perth, in Western Australia, August 23, 2019. Picture taken August 23. REUTERS/Melanie BurtonSofter prices in qtr due to "normal correction" - CEOposted record quarterly revenue on Monday on the back of "very strong" demand for its range of specialized metals that offset softer prices, sending its shares to a more than eight-year high.
Demand for rare earth materials such as neodymium and praseodymium has rebounded from a pandemic-driven drop last year as electric vehicles continue to gain popularity amid a global push to reduce carbon emissions. "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.
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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia's Lynas quarterly revenue hits record on stronger demand, pricesAustralia's Lynas Rare Earths Ltd (LYC.AX) on Monday reported record revenue in its fourth quarter, as demand for the metals it mines that are used in electric vehicles, smartphones and military equipment spurred prices higher. horrible
Source: Reuters - 🏆 2. / 97 Read more »
Australia's Lynas quarterly revenue hits record on stronger demand, pricesAustralia's Lynas Rare Earths Ltd (LYC.AX) on Monday reported record revenue in its fourth quarter, as demand for the metals it mines that are used in electric vehicles, smartphones and military equipment spurred prices higher. horrible
Source: Reuters - 🏆 2. / 97 Read more »
Boston Beer stock suffers record selloff as analysts slash targets after big earnings missBoston Beer was Truly surprised by the demand for hard seltzer fizzling out so quickly. 'We were surprised at the sharpness and the suddenness of the change in trajectory,' said Chairman and Founder James Koch. For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her _Johnson56 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success Maybe if it didn’t taste awful…
Source: MarketWatch - 🏆 3. / 97 Read more »
Asia-Pacific stocks set for mixed start following record closing highs on Wall StreetAll three of the major averages stateside ended at record closing highs last week. good luck
Source: CNBC - 🏆 12. / 72 Read more »
Swimming-Tunisia, Japan celebrate unexpected gold, Australia smash world recordTunisia and Japan celebrated unexpected golds on the opening day of swimming medal events before normal service was resumed with the Australian women's 4x100m freestyle relay team smashing their own world record on the way to the title in Tokyo. the expression with rudeness
Source: Reuters - 🏆 2. / 97 Read more »
John Barrowman criticised for demanding refund and blasting horror film OldFormer Doctor Who star John Barrowman has received criticism after hitting out at director M Night Shyamalan online over his film Old, with Barrowman having demanded a refund after seeing the film
Source: Mirror Celeb - 🏆 476. / 51 Read more »