Australia’s Lynas Rare Earths first-quarter revenue falls nearly 6%

(Reuters) – Australia’s Lynas Rare Earths reported a nearly 6% decline in first-quarter revenue on Wednesday due to falling prices for strategic minerals and muted demand.

The largest producer of rare earths outside China reported sales revenue of A$120.5 million for the three months ended Sept. 30, down from A$128.1 million in the same period last year.