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(Reuters) - Australia's Lynas Rare Earths posted a record more than three-fold jump in annual profit on Friday, boosted by soaring demand for the specialized metals it mines amid a global push for reducing carbon emissions.
Demand for neodymium and praseodymium (NdPr), widely used to make magnets that power electric vehicle motors, remained strong as companies and governments work towards meeting their climate targets.
The rare earths minerals are also used in a wide range of everyday goods su...
>>> Read more: Australia's Lynas posts record profit on solid rare earths demand
Demand for neodymium and praseodymium (NdPr), widely used to make magnets that power electric vehicle motors, remained strong as companies and governments work towards meeting their climate targets.
The rare earths minerals are also used in a wide range of everyday goods su...
>>> Read more: Australia's Lynas posts record profit on solid rare earths demand
