Lynas posts 18% drop in rare earths output

Lynas Corp’s third-quarter rare earths oxides production has dropped 18 per cent due to coronavirus-led shutdowns at its Malaysian processing plant and limited operations at its flagship mine in Australia.

The ASX-listed company produced 4,465 tonnes of rare earths oxides in the quarter ended March 31, compared with 5,444 tonnes last year.

The miner said production of neodymium praseodymium or NdPr, used to make high-strength permanent magnets found in ventilators, computers and wind turbines, fell 14 per cent to 1,369 tonnes.

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