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AAP
AAP
Business
Marion Rae

MYSTERIOUS: Rare earths leader lynas profit slides amid low prices | Mind Blowing Facts

Lynas Rare Earths chief Amanda Lacaze says the 2024 financial year will be transitional for Lynas. (Marion Rae/AAP PHOTOS)

Rare earths producer Lynas has warned governments to be "alert at all times" to the knock-on effects of the nickel meltdown as it joins the ranks of miners revealing a slide in profits.

Prices for critical minerals remain depressed with China controlling supply and enjoying a similar near-monopoly on rare earths needed for advanced manufacturing, electric cars and defence technology.

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