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(Reuters) -Australia's Lynas Rare Earths reported a steeper-than-expected drop in its first-half profit on Wednesday, hurt by weak market prices for the metals due to subdued demand from China, with higher operating costs further eating into its earnings.
The world's largest producer of rare earths outside China reported a net profit after tax of A$5.9 million ($3.74 million) for the six months through December 31, significantly below the Visible Alpha consensus of A$36.2 million.
It was a ste...
>>> Read more: Lynas Rare Earths' profit plunges, misses consensus on high costs, weak prices
The world's largest producer of rare earths outside China reported a net profit after tax of A$5.9 million ($3.74 million) for the six months through December 31, significantly below the Visible Alpha consensus of A$36.2 million.
It was a ste...
>>> Read more: Lynas Rare Earths' profit plunges, misses consensus on high costs, weak prices
