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Lynas Rare reports strong March 2022 quarter results

Apr 13, 2022

Lynas Rare Earths Limited (ASX: LYC) has released its Q3 FY2022 results and reported strong quarterly sales, sales receipt, and REO production growth.

  • Quarterly sales revenue increased from AU$202.7 million in Q2 FY2022 to AU$327.7 million in Q3 FY2022.
  • Sales receipts were AU$262 million during the March 2022 quarter. It was AU$151 million in the previous quarter.
  • Total REO production during the quarter was 4,945 tonnes. Total REO production was 4,209 tonnes in the last quarter.
  • Ready for Sale Production Volume NdPr was 1,687 tonnes, which was 1,359 tonnes in the previous quarter.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Maven Capital Pty Ltd (AFSL No. 418504). The information contained in this article is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Suite 1A, Level 2, 802-808 Pacific Highway, Gordon NSW 2072, Australia | 1800 005 780 | info@kapitales.com.au

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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

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