Lynas Rare Earths, an Australian company, announced on Thursday a 66% increase in its first-quarter revenue compared to the previous year. Despite this growth, the results did not meet market expectations. However, the company noted robust demand for its strategic metals from both current and new customers. Governments globally, excluding dominant rare earth producer China, are actively seeking to establish alternative supply chains. This initiative is crucial for sectors like automotive and defense, especially as China intensifies its export restrictions within this industry. As the leading rare earths producer...
Friday 31 October 2025
wn.com - 19 hours ago
Australia’s Lynas Rare Earths sees revenue surge 66% amid strong demand
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