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Lynas profits plunge 85pc to US$3.75m as rare earth prices slump; operates key processing plant in Malaysia

Malay Mail LogoMalay Mail10h ago

Lynas profits plunge 85pc to US$3.75m as rare earth prices slump; operates key processing plant in Malaysia - Malay Mail

Quick Summary:

SYDNEY, Feb 26 — One of the world’s largest rare earths producers outside China reported slumping net profits Wednesday,...

Although revenue grew eight per cent to US$161 million, this was partly offset by the increased cost of production.

NdPr alloy is used to make strong magnets that help power electric vehicle motors and other machines.

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Lynas profits plunge 85pc to US$3.75m as rare earth prices slump; operates key processing plant in Malaysia - Malay Mail (Picture 1)

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-26 @ 12:27:08 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 297 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Malay Mail

News ID: 26450895

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About Malay Mail

Malay Mail Logo

Main Topics: EconomyBusiness

Official Website: malaymail.com

Update Frequency: 14 posts per day

Year Established: 1896

Headquarters: Malaysia

News Last Updated: 1 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #106

Publisher Details

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The story "Lynas profits plunge 85pc to US$3.75m as rare earth prices slump; operates key processing plant in Malaysia" has 297 words across 19 sentences, which will take approximately 2 - 3 minutes for the average person to read.

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The story "Lynas profits plunge 85pc to US$3.75m as rare earth prices slump; operates key processing plant in Malaysia" was covered 10 hours ago by Malay Mail, a news publisher based in Malaysia.

How trustworthy is 'Malay Mail' news outlet?

Malay Mail is a fully independent (privately-owned) news outlet established in 1896 that covers mostly economy and business news.

The outlet is headquartered in Malaysia and publishes an average of 14 news stories per day.

It's most recent story was published 1 hours ago.

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  • News ID: #26450895
  • URL: https://chronographically.beamstart.com/news/lynas-profits-plunge-85pc-to-17405444754227

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