Australia's Lynas logs sharp growth in third-quarter revenue, flags strong demand - Reuters
Australia's Lynas logs sharp growth in third-quarter revenue, flags strong demand Reuters
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"The March quarter was another busy quarter. As the ramp up of the new facilities continued, strong production and sales outcomes were achieved."
— Amanda Lacaze , Executive
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<a href="https://news.google.com/rss/articles/CBMitwFBVV95cUxNSzJ6N1VzbHFlQ1NTazNnd2hGMnV5X050S1h4T2N6Yjl2b0pOQ2Y0ODUyZ1VuMXFyeUstN1pWVUswVGZmMkpodGF6U2ZIMVhUQ0x5b0tYNDVyeHl1b1FTblRzRkdWUDZ4OXhlSkpXOG5MTjQzRnZuT2dGYkxlbzFTZGRwMDNLbFNBdmZmbmJ0bkZFdWZiZEtlckkwb3N3RU03ZE5jSWJOdjB6ZThkMWxKME9SWkx5X1E?oc=5" target="_blank">Australia's Lynas logs sharp growth in third-quarter revenue, flags strong demand</a> <font color="#6f6f6f">Reuters</font>
Lynas Rare Earths reported a significant increase in third-quarter revenue, driven by strong production and sales, with gross sales revenue reaching A$265 million for the quarter ending March 31, compared to A$123 million a year earlier.
Lynas Rare Earths reported a more than twofold jump in third-quarter revenue, helped by stronger prices, while flagging strong market demand as customers seek to reduce reliance on rare earths from China.
Lynas Rare Earths reported third-quarter gross sales revenue of $265 million, about 215% more than the previous corresponding period, driven by higher prices and a stronger product mix.
Lynas Rare Earths recorded Q3 FY26 revenue of $265 million, primarily driven by increasing prices and higher volume sales of both neodymium-praseodymium and total rare earth oxide products.
Lynas Rare Earths reported a more than twofold jump in third-quarter revenue, supported by stronger prices and strong market demand as customers seek to reduce reliance on rare earths from China.
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