Lynas Reports its Quarterly Performance for Q1FY20

  • Oct 21, 2019 AEDT
  • Team Kalkine

During Q1FY20, Lynas Corporation Limited (ASX: LYC) completed further metallurgical work for Mining Campaign 3 which has shown two changes in ore and concentrate quality: an increase in crandallite and elevated carbon levels.

  • Despite the volatile market conditions, sales revenue was strong at $99.1 million and sales receipts were $96 million for the quarter;
  • Outside China, demand for NdPr continued to grow and all NdPr was reserved for their strategic customers.

At AEST 01:11 PM, the stock was trading at $2.595 per share, up by 2.569%.

 

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