Jan 22 (Reuters) - Australia's Lynas Rare Earths (LYC) on Monday reported a 51.7% drop in second-quarter revenue reflecting a plunge in underlying prices coupled while a planned shutdown of its Malaysian operations which hurt output.
The world's largest producer of rare earths outside China said revenue fell to A$112.5 million ($74.06 million) in the three months to Dec. 31, 2023 compared with A$232.7 million a year ago.
($1 = 1.5191 Australian dollars)
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News: LYC Australian rare-earths miner Lynas reports over 50% drop in Q2 revenue
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