off-the-wire

Australia's Lynas Rare Earths posts more than 27% fall in third-quarter revenue  

Kitco Media
By Reuters
Published:
Updated:
Reuters
April 21 (Reuters) - Australia's Lynas Rare Earths Ltd on Friday posted a 27.6% drop in third-quarter revenue, primarily hurt by a decline in the average selling price and lower sales volumes.


The world's largest producer of rare earths outside of China said its quarterly revenue fell to A$237.1 million
($159.85 million) in the three months to March 31, from A$327.7 million a year earlier.



($1 = 1.4832 Australian dollars) (Reporting by Nausheen Thusoo and John Biju in Bengaluru; Editing by Shweta Agarwal)

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