business spectator says,

http://www.businessspectator.com.au/news/2014/1/31/resources-and-energy/lynas-slumps-lower-prices


Lynas slumps on lower prices
31 Jan, 3:46 PM

Industries
Resources and Energy

Shares in Lynas Corporation Ltd fell after it noted a fall in prices but said it expects production levels in the March quarter to increase above levels in the December quarter in its Lynas Advanced Materials Plant (LAMP).

At 1545 AEDT, Lynas shares were 9.84 per cent lower at 28 cents against a benchmark index fall of 0.06 per cent.

In a statement to the Australian Securities Exchange, Lynas said it produced 741 tonnes in the December 2013 quarter on an REO equivalent basis, a near three-fold increase on the September quarter.

Total tonnes shipped were 409 tonnes an on REO equivalent basis, an 87 per cent increase on the September quarter.

The difference in production and shipments is mostly due to the timing of sales at the end of the quarter, Lynas said.

For the December 2012 quarter, Lynas announced the first arrival of rare earths concentrate at the LAMP and subsequent first feed to kiln.

The group said production and sales increased compared to the prior quarter due to the progressive completion of work programs in the cracking and leaching units of the LAMP.

After the end of the quarter, there were some temporary interruptions in the product finishing areas of the LAMP and changes have been made to address the issues, Lynas said.

The average selling price was $US21.48 per kilogram, a five per cent decrease compared to the September quarter's $US22.70 per kilogram.