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September 14th news: On September 14th local time, China and the United States held talks on economic and trade issues in Madrid, Spain.On September 14, according to Deutsche Presse-Agentur, Andre Tillich, head of Teslas German factory, said that more electric vehicles will be produced than previously planned because "sales data is very ideal." Tillich said that the factory has raised its production plan for the third and fourth quarters, and added that Teslas German factory still expects "positive signals from all markets we supply." However, he did not disclose specific production targets. However, this optimistic statement contrasts with recent sales data. Teslas new car registrations in Germany fell by 39% last month, and the cumulative drop in the first eight months of this year was 56%. In France, Belgium, Denmark and Sweden, Teslas sales in August also fell sharply. Norway is an exception, with registrations increasing by 21% last month and a cumulative increase of 26% so far this year.German Geoscience Research Center GFZ: A 5.71 magnitude earthquake occurred in northeastern India.On September 14th, the Russian Ministry of Defense announced that during the joint military exercises "West-2025," the frigate "Admiral Golovko" launched a Zircon hypersonic missile in the Barents Sea, successfully hitting its target. The Russian side also demonstrated footage of a Su-34 fighter jet taking off and dropping bombs. The exercises, which ran from the 12th to the 16th, were conducted at training grounds in Russia and Belarus, as well as in the waters of the Baltic and Barents Seas.On September 14th, US Secretary of State Rubio began a two-day visit to Israel to discuss the next steps in Gaza and how to address the aftermath of the Israeli militarys attack on Doha, the capital of Qatar, on September 9th, a mediator in the Gaza ceasefire negotiations. Before leaving, he told reporters that the attack had upset US President Trump but would not shake US-Israel relations.

Fourth-quarter revenue for Lynas improves owing to higher demand for rare earths

Charlie Brooks

Jul 18, 2022 10:50

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Monday, Lynas Rare Earths Ltd announced a 58 percent rise in quarterly revenues as a result of the increasing global demand for renewable energy sources.


Demand for rare earth minerals, which are utilized in everything from autos to computers to missiles, has soared in recent years as nations and industries have sought to decrease carbon emissions.


While Lynas' fourth-quarter sales climbed by more than three-fifths year-over-year to A$294.5 million ($199.97 million), the miner recorded a decline in revenue from the previous quarter's A$327.7 million.


Similarly, the company revealed that the miner's quarterly rare-earths oxide (REO) output declined by 26.2% sequentially owing to water supply concerns in Malaysia.


The company's quarterly production of neodymium and praseodymium (NdPr) dropped from 1,687 tonnes in the March quarter to 1,579 tonnes in the June quarter.


Automobile manufacturers generally use minerals such as NdPr to create magnets for electric cars.


In addition, Lynas' reported a range-wide average selling price of A$79.2 per kilogram, which is double the previous year's pricing.


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