(Reuters) – Australia’s Lynas Rare Earths on Thursday reported a 34.7% rise in first-quarter revenue on a surge in demand for specialised metals used in electric vehicle components.
The world’s largest producer of rare earths outside China said revenue rose to A$163.8 million ($106.34 million) in the three months to Sept. 30, compared with A$121.6 million a year ago and a Barrenjoey estimate of A$146 million.
($1 = 1.5404 Australian dollars)
(Reporting by Upasana Singh in Bengaluru; Editing by Shinjini Ganguli)
