Lynas Rare Earths Sees Revenue Dip Amid Growth Plans

Lynas Rare Earths Limited (AU:LYC) has released an update.

Lynas Rare Earths Limited reported a decrease in quarterly gross sales revenue to A$120.5 million for Q1 FY25, amid low rare earth prices and managed production levels. The company continues to progress on its growth projects, aiming for a 10.5kt NdPr capacity by FY25, while optimizing production costs across all sites. Additionally, Lynas remains committed to safety and sustainability, maintaining compliance with international best practices.

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