SYDNEY -- Lynas, the only major producer of separated rare earths outside of China, reported an 85% drop in profits on Wednesday, as prices for the minerals remained "stubbornly low."
Commodities
Lynas profits drop 85% as rare earth prices remain 'stubbornly low'
CEO says mooted China rules would further consolidate the country's industry
Lynas says it is on track to ramp up its heavy rare earth separation circuit in Malaysia by mid this year. © Reuters
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