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Rare-earths miner Lynas' Q2 revenue halves on falling prices, lower China demand

Mining Engineering Online ....

United States , Sneha Kumar , Lynas Seadrift , Richard Chang , Sherry Jacob Phillips , Rishav Chatterjee , Shri Navaratnam , Shivangi Lahiri , Dan Morgan , Us Department Of Defense Do , Lynas Rare Earths , Western Australia , Lynas Rare ,

Rare-earths miner Lynas' Q2 revenue halves on falling prices, lower China demand

Mining Engineering Online ....

United States , Rishav Chatterjee , Sherry Jacob Phillips , Dan Morgan , Shivangi Lahiri , Richard Chang , Sneha Kumar , Lynas Seadrift , Shri Navaratnam , Us Department Of Defense Do , Lynas Rare Earths , Western Australia , Lynas Rare ,

Rare-earths miner Lynas' Q2 revenue halves on falling prices, lower China demand

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. ....

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Australian court fines Airbnb over misleading accommodation pricing

Between January 2018 and August 2021, Airbnb Ireland, which operates in Australia, admitted that it misled consumers by displaying prices using only the '$' sign, without clarifying that the prices were in U.S. dollars and not in the local currency, the Australian Competition & Consumer Commission (ACCC) said in a statement. Airbnb has worked constructively with the ACCC, said Susan Wheeldon, Airbnb's country manager for Australia and New Zealand, while clarifying that the final payment amount displayed the applicable currency code including in the U.S. dollar at a point when guests confirmed they wanted to proceed. ....

New Zealand , Susan Wheeldon , Subhranshu Sahu , Gina Cass Gottlieb , Rishav Chatterjee , Shivangi Lahiri , Australian Federal Court , Australian Competition Consumer Commission , Airbnb Ireland , Australian Competition , Consumer Commission , Additional Reporting , Australian Federal Court , Australian Accommodation , Australian Dollars ,

Australian shares end higher on miners, Fed rate pivot

Australian shares ended higher on
Friday, boosted by mining and financial stocks and upbeat global
sentiment after the Federal Reserve signalled lower borrowing
costs next year.
The. ....

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