Lynas With Record Quarter Despite Logistics Problems
Demand for strategic raw materials remains strong. Pandemic remains challenge.
Demand for strategic raw materials remains strong. Pandemic remains challenge.
The Australian company benefits from rising demand for rare earths. Desire for diversification of raw material supply increases.
Lynas Rare Earths, the largest producer of rare earths outside China, today reported figures for the quarter ended September 30. The Covid pandemic continues to be a challenge.
The heads of government of the Quadrilateral Security Dialogue (Quad for short), an alliance of the USA, Australia, India and Japan, met face-to-face for the first time last Friday. One topic was securing the supply of rare earths.
China's market power in the rare earths sector is repeatedly perceived as a potential threat. But where do these fears come from?
Future technologies are driving demand and prices for rare earths, Lynas is benefiting from this.