What did Lynas' interim CEO Pol Le Roux say about China's future rare earth controls despite the current suspension of the second wave?

Pol Le Roux stated that he foresees China's rare earth restrictions 'to be further strengthened' despite the suspension of the second wave of export controls until November 27, noting that 'the level of concern about accessing specific rare earths from China is very high' among customers and emphasizing that 'China is still in control of the majority of the supply, and that's a major challenge for the rest of the world.'

How did Lynas' average selling price for rare earth products change year-on-year, and what factors did the company attribute this increase to?

Lynas' average selling price across all rare earth products rose to a record A$98.20/kilogram for the quarter ended June 30, up from A$60.20/kg a year prior; the company attributed this lift to 'improved neodymium-praseodymium (NdPR) pricing and an increased mix of heavy rare earth sales and premiums over the market index.'

ChemBrief

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