CAPITAL MARKETS

Lynas in rude health and positioned superbly for growing rare earth demand

SUPERB market conditions have seen the world’s only non-China rare earths producer Lynas report a net profit of more than half-a-billion dollars, up more than 200% on the previous year’s A$157 million.

 Lynas boss Amanda Lacaze at Diggers&Dealers earlier this month

Lynas boss Amanda Lacaze at Diggers&Dealers earlier this month

The $540 million profit number came as revenue nearly doubled year-on-year to $920 million and as earnings rose from $235 million to $601 million (on an EBITDA basis). Lynas' cash now stands at $965...

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