Lynas reports maiden rare earths profit

RARE earth producer Lynas Corp has signed off on its remarkable turnaround with the reporting of a maiden net profit of A$53 million for the year ending June 30 on the back of earnings of $122 million.

Lynas reports maiden rare earths profit Lynas reports maiden rare earths profit Lynas reports maiden rare earths profit Lynas reports maiden rare earths profit Lynas reports maiden rare earths profit

Lynas turnaround maestro Amanda Lacaze

Increasingly efficient production of 5444 tonnes of the key rare earth elements NdPr were a key driver of the earnings and maiden profit, with the company on track to reach a 7200t per annum run-rate