Lynas' quarterly rare earths production jumps by a third

|About: Lynas Corporation Limited (LYSCF)|By:, SA News Editor

Lynas (OTCPK:LYSCF) reports a 32.5% increase in production of rare earths oxides during its FQ3 to 5.4K mt compared with 4.1K mt produced in the year-ago quarter.

Production of NdPr (neodymium praseodymium) jumped 19.4% Y/Y to nearly 1.6K mt, a new quarterly record despite a slower start in January, with more than 600 mt produced in March alone.

In an attempt to cope with continued weakness in market prices, Lynas also says it will reserve all NdPr product for its business partners, leading to a buildup of inventory in FQ4.

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