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 amid a global push toward green energy and decarbonisation.
A small toy figure and mineral imitation are seen in front of the Lynas Rare Earths logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/Illustrationon Monday reported a 14.8% rise in second-quarter revenue from growing demand for specialised metals used in components of electric vehicles amid a global push toward green energy and decarbonisation.
Lynas said it continues to receive enquiries from potential new customers - mainly auto-part makers and new magnet manufacturing projects outside of China. Lynas raked in an average selling price of A$62.5 per kilogram for its product range, compared with A$54 per kg last year.
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