Lynas Rare Earths Reports Q4 Revenue Drop Due to Production Decline and Price Slump

Lynas Rare Earths reported a decline in Q4 revenue to A$136.6 million due to reduced production at its Australian facility, a month-long maintenance shutdown in Malaysia, and lower market prices. Despite a slight improvement in China's domestic demand, rare earth prices remained low, with the average selling price at A$42.3 per kg. The company's rare earth oxide output fell by over 50% from the previous year to 2,188 tonnes, affecting revenue and production.