LYC lynas rare earths limited

News: LYC Australia's Lynas posts record annual profit as demand recovers

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    Aug 27 (Reuters) - Australia's Lynas Rare Earths (LYC) posted a record full-year profit on Monday, bouncing back from losses a year earlier, as demand for the specialized metals it mines boomed amid easing COVID-19 curbs.

    The world's biggest rare earths miner outside China said profit after tax came in at A$157.1 million ($113.74 million) for the year ended June 30, compared with a loss of A$19.4 million a year earlier. ($1 = 1.3812 Australian dollars)

 
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