Australia's Lynas Rare Earths posts 55% rise in first-quarter revenue

Lynas Rare Earths

28/10/2026 21:30

Oct 29 (Reuters) - Australia's Lynas Rare Earths LYC.AX reported a 54.9% rise in first-quarter revenue on Thursday, on improved pricing, strong demand and higher production of rare earth products.
    The world's largest producer of rare earths outside China posted gross sales revenue of A$310.1 million ($218.96 million) for the quarter ended September 30, compared with A$200.2 million a year earlier.

($1 = 1.4162 Australian dollars)

 (Reporting by Sherin Sunny and Aamir Shaik Khalid in Bengaluru; Editing by Leroy Leo)
 ((Aamir.SheikKhalid@thomsonreuters.com;))