Feb 26 (Reuters) - Australia's Lynas Rare Earths's (LYC) half-year profit surged on Friday, helped by a rise in prices of rare earths minerals and a recovery in demand as COVID-19 curbs ease.
The world's largest producer of rare earths outside China said interim net profit after tax came in at A$40.6 million ($31.94 million)for the six months ended Dec. 31, compared with A$3.9 million a year ago. It beat a UBS estimate of A$26 million.
($1 = 1.2711 Australian dollars)
News: LYC Australia's Lynas' half-yearly profit surges as rare earths prices rise
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