Australian rare earths miner Lynas Corporation <LYC.AX> posted a 7.4% rise in quarterly revenue on Friday, as higher demand for rare earth elements from key customers helped offset weaker prices.
Lynas reported sales revenue of A$85.8 million ($58.68 million) for the second quarter ended Dec. 31, up from A$79.9 million a year earlier.
Quarterly production of neodymium and praseodymium (NdPr), used in magnets needed in generators of electric vehicles and wind turbines, rose to 1,270 tonnes from 1,223 tonnes a year earlier.
(Reporting by Shriya Ramakrishnan in Bengaluru; Editing by Arun Koyyur)
