LYC News: Australia's Lynas posts record revenue on strong demand for rare earths - 12th Apr 2022, 8:37am

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(Reuters) -Australia's Lynas Rare Earths on Tuesday posted a record quarterly revenue as demand for the specialized metals it mines surged amid a global push to electrify vehicles and curb carbon emissions.

Demand for neodymium and praseodymium (NdPr), among the most important minerals that Lynas mines, has soared in recent years as countries and companies pivot towards cleaner energy to tackle climate change.

The minerals are used by automakers to make magnets for electric vehicles. Rare eart...

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