OPERATIONS

Lynas riding rare earths wave

LYNAS Rare Earths has reported a record first-half profit of $156.9 million, up 286% on the previous corresponding period thanks to a healthy neodymium-praseodymium market price that is forecast to keep rising in the face of supply chain limitations and the global push for zero-carbon electrification.

 Mt Weld resources

Mt Weld resources

According to Lynas' financial report for the half year ending December 31 2021, its record net profit after tax followed $40.6 million recorded in the previous half. Lynas brought in $314.8 million...

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