Lynas Rare Earths Ltd on Monday posted a sharp 47% drop in fourth-quarter revenue, hurt by lower market prices for rare earth products during the quarter.
A small toy figure and mineral imitation are seen in front of the Lynas Rare Earths logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/Illustrationon Monday posted a sharp 47% drop in fourth-quarter revenue, hurt by lower market prices for rare earth products during the quarter.
The world's largest producer of rare earths outside of China said sales revenue was A$157.5 million for the three months ended June 30, compared with A$294.5 million a year ago, and consensus estimate of A$216 million, according to Barrenjoey.
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