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Source: Streetwise Reports  (7/26/21) Shares of Lynas Rare Earths Ltd. traded 10% higher after the company reported record revenue in Q4/21 due to continued strong global demand for NdPr products. The company s CEO and Managing Director Amanda Lacaze commented, I am very pleased to report excellent results for the June quarter. Lacaze advised that the company achieved record sales revenue in Q4/21 of A$185.9 million along with record sales receipts totaling A$192 million. These sales and receipt levels were up significantly from A$110 million and A$133 million, respectively in Q3/21. The company attributes these results to higher rare earth element (REE) prices and the strong ongoing demand for its NdPr products (neodymium praseodymium used in magnets) from customers and governments worldwide seeking to secure a diversified supply source of responsibly mined rare earth materials.

Stephen hythaAmanda lacazeUs department of defenseLynas rare earths ltdStreetwise reportsAustralia environment protection authorityLynas rare earthsManaging director amanda lacazeGebeng industrial estateChina domestic ndpr priceHeavy rare earthsRare earthsMixed heavy rare earthsStreetwise reportஅமண்டா ளக்ஜேஎங்களுக்கு துறை ஆஃப் பாதுகாப்பு