Lynas Rare Earths 1Q Output Beats Consensus; Price Also Better
Morgan Stanley says neodymium and praseodymium output was 1.1% above consensus, while total rare-earth oxide output beat expectations by 17%. The miner also fetched a better-than-anticipated price.
Lynas Rare Earths produced more than expected in 1Q, and fetched a better-than-anticipated price, says Morgan Stanley. Neodymium and praseodymium output is 1.1% higher than consensus, while total rare-earth oxide output is a 17% beat. "Better concentrate quality supported downstream production," MS…