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(Reuters) - Australia's Lynas Rare Earths Ltd posted a record first-half profit on Friday, helped by a surge in demand for the minerals used in electric vehicles amid a global push for reducing carbon emissions.
Demand for neodymium and praseodymium (NdPr), one of the most important minerals that Lynas mines, has soared in recent years as countries and companies try to tackle climate change.
The mineral is used by automakers to make magnets for electric vehicles. Rare earths are also used in a...
>>> Read more: Australia's Lynas posts record profit on rare earths demand
Demand for neodymium and praseodymium (NdPr), one of the most important minerals that Lynas mines, has soared in recent years as countries and companies try to tackle climate change.
The mineral is used by automakers to make magnets for electric vehicles. Rare earths are also used in a...
>>> Read more: Australia's Lynas posts record profit on rare earths demand
