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Lynas Rare Earths Limited ( (AU:LYC) ) has provided an update.
Lynas Rare Earths Limited reported a notable increase in sales revenue and receipts for the quarter ending December 2024, despite low market prices and subdued demand from China. Significant operational milestones included the opening of the new Kalgoorlie Facility and the successful integration of Stage 1 of the Mt Weld Expansion Project. However, production was impacted by issues with impurities in feedstock, which are being resolved. The company continues to make progress on its U.S. processing facility and adheres to high safety and environmental standards.
More about Lynas Rare Earths Limited
Lynas Rare Earths Limited is a leading company in the rare earths industry, primarily focused on the production and processing of rare earth elements. The company operates the only downstream processing facility in Australia and is actively involved in mining and processing activities at its Mt Weld site, positioning itself as a significant player in the global rare earths market.
YTD Price Performance: 10.07%
Average Trading Volume: 29,685
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.19B
See more data about LYC stock on TipRanks’ Stock Analysis page.
