Lynas Rare Earths second-quarter revenue jumps 15%

Kitco Media
By Reuters
Published:
Updated:
Reuters
Jan 30 (Reuters) - Australia's Lynas Rare Earths on Monday reported a 14.8% rise in second-quarter revenue from growing demand for specialised metals used in components of electric vehicles as the world increasingly pushes toward green energy and decarbonisation. The world's largest producer of rare earths outside China said revenue rose to A$232.7 million ($165.15 million) in the three months to Dec. 31, compared with A$202.7 million a year ago.

($1 = 1.4090 Australian dollars) (Reporting by Himanshi Akhand and Riya Sharma in Bengaluru; Editing by Mark Porter)

Riya.Sharma@thomsonreuters.com;))
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