REE producer Lynas reports half-year net profit of A$150M despite ‘significant' production challenges

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REE producer Lynas reports half-year net profit of A$150M despite ‘significant' production challenges
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REE producer Lynas reports half-year net profit of A$150M despite ‘significant' production challenges REE Lynas rareearths

- Rare earths producer Lynas reported yesterday that for the half year ending 31 December 2022, the company achieved revenue of A$370 million and a net profit of A$150.1 million .

“These results were achieved despite significant production challenges due to water supply issues in the first quarter and the start of the second quarter as well as rapid increases in costs, particularly for chemical inputs,” stated CEO and Managing Director Amanda Lacaze.

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