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Australia's Lynas Rare Earths first-quarter revenue falls 22%
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investing.com(Reuters) — Australia's Lynas Rare Earths reported a 21.8% fall in first-quarter revenue on Friday, hurt by lower product prices and continued accumulation of inventory.
The world's largest producer of rare earths outside China said sales revenue was A$128.1 million ($81.04 million) for the three months to Sept. 30, compared with A$163.8 million a year ago and a consensus estimate of A$159 million, according to Barrenjoey.
($1 = 1.5808 Australian dollars)
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