A small toy figure and mineral imitation are seen in front of the Lynas Rare Earths logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/Illustration
A small toy figure and mineral imitation are seen in front of the Lynas Rare Earths logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/Illustration
Home » News » Business & Economy » Australia's Lynas Rare Earths more than doubles third-quarter revenue
Business & Economy

Australia's Lynas Rare Earths more than doubles third-quarter revenue

April 21 (Reuters) – Australia’s Lynas Rare Earths posted an over two-fold jump in third-quarter revenue on Tuesday, supported by strong

production and sales.

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The world’s largest producer of rare earths outside China posted gross sales revenue of A$265 million ($190.19 million) for the quarter ended March 31, compared with A$123 million a year ago.

($1 = 1.3933 Australian dollars)

(Reporting by Nichiket Sunil and Aamir Shaik Khalid in Bengaluru; Editing by Vijay Kishore)

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