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Australia's Lynas Rare Earths said on Monday its second-quarter revenue fell sharply, missing analysts' estimates, as prices plunged during a slowdown in construction activity in China, sending its shares to 30-month lows. The world's largest producer of rare-earths outside China said its sales fell 51.7% to A$112.5 million ($74.06 million) in the three months to Dec. 31, from A$232.7 million in the year-ago period. "Major issue for the company at present is the commodity price trajectory and demand in China," said analyst Dan Morgan of Barrenjoey.

United statesSherry jacob phillipsMelanie burtonShivangi lahiriRichard changDan morganSneha kumarRishav chatterjeeLisa shumakerUs department of defenseLynas rare earthsWestern australiaKalgoorlie rare earths processing facilityMixed rare earth carbonateLynas seadrift facilityRare earths