Lynas Rare Earths' Q3 revenue misses estimates as pricing, volatility weighs
Australia's Lynas Rare Earths on Monday missed market estimates for its third-quarter gross sales revenue, hit by lower rare earths market pricing and global trade volatility. Lynas, the world's largest producer of rare earths outside China, posted third-quarter gross sales revenue of A$123 million ($78.62 million), missing Visible Alpha consensus of A$155.7 million. The figure, however, was about a 22% rise from A$101.2 million logged a year earlier.