Lynas rings in $540 million profit on strong rare earth prices

(Kitco News) – Sales revenue increase by 88.1% and Net Profit After Tax (NPAT) increase by 244% from the 2021 result. Rare earths prices were sustained at high levels during the second half of the year, and the NdPr market price remained 70% to 80% higher than in the same period last year.

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