{"id":42382,"date":"2023-07-30T21:44:58","date_gmt":"2023-07-31T01:44:58","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/lynas-4q-output-up-revenue-down-on-quarter\/"},"modified":"2023-07-30T21:45:00","modified_gmt":"2023-07-31T01:45:00","slug":"lynas-4q-output-up-revenue-down-on-quarter","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=42382","title":{"rendered":"Lynas 4Q Output Up, Revenue Down on Quarter"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"MW-BT-CO-20230730-700877\" role=\"document\">\n<p>By Rhiannon Hoyle<\/p>\n<pre><\/pre>\n<p>Lynas Rare Earths said it produced more rare earths in its fiscal fourth quarter versus the three months immediately prior, including a record amount of its core neodymium-praseodymium product, but that revenue fell amid weak market prices.<\/p>\n<div class=\"paywall\">\n<p>The miner said it produced 1,864 metric tons of neodymium and praseodymium&#8211;used in magnets&#8211;in the three months through June, up from 1,725 tons in its fiscal third quarter. Total rare earths production was 4,475 tons, up from 4,348 tons the quarter prior.<\/p>\n<p>However &#8220;external market dynamics, including softer demand for NdFeB [neodymium, iron and boron] magnets in Japan and China&#8217;s recent oversupply of La-Ce [lanthanum and cerium], resulted in lower market prices for rare earth materials during the period,&#8221; the company said.<\/p>\n<p>Fourth-quarter sales revenue of 157.5 million Australian dollars (US$104.9 million) compared to A$237.1 million the quarter earlier. Lynas said its average selling price fell to A$38.90 a kilogram, from A$48.30 a kilogram.<\/p>\n<pre><\/pre>\n<p>Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com<\/p>\n<pre><\/pre>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/lynas-4q-output-up-revenue-down-on-quarter-f33907e8?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Rhiannon Hoyle Lynas Rare Earths said it produced more rare earths in its fiscal fourth quarter versus the three months immediately prior, including a record amount of its core neodymium-praseodymium product, but that revenue fell amid weak market prices. The miner said it produced 1,864 metric tons of neodymium and praseodymium&#8211;used in magnets&#8211;in the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-42382","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lynas 4Q Output Up, Revenue Down on Quarter | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By Rhiannon Hoyle Lynas Rare Earths said it produced more rare earths in its fiscal fourth quarter versus the three months immediately prior, including a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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