Difficult first half for Lynas

Rare earths miner Lynas on Friday reported a 79.6% fall in net profits for the first half of 2020, while earnings before interest, tax, depreciation and amortization (EBITDA) fell 13%.

Net profit after tax for the six month ending December reached A$3.8-million, compared with the A$19-million in the previous corresponding period, while EBITDA decreased from A$50.7-million to A$44.2-million.