Original article by Brad Thompson
The Australian Financial Review – Page: 16 : 30-Aug-23

Lynas Rare Earths has reported a 2022-23 net profit of $310.7m, compared with $540.8m for the previous financial year; revenue fell from $920m in 2021-22 to $739.3m. The company received an average price of $46.20 per kilogram for its rare earths oxides, compared with an average of $60.30 per kilogram in 2021-22. Meanwhile, Lynas has revealed that the cost of building its cracking and leaching plant at Kalgoorlie in Western Australia has risen to $730m. Its previous estimate was $575m, and the cost increase has been attributed to factors such as the need to meet a deadline of 1 January to cease downstream processing at its plant in Malaysia.

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LYNAS RARE EARTHS LIMITED – ASX LYC