STOCKS | Lynas Shares Hit Five-Month Low After Revenue Miss
Lynas Rare Earths shares fell as much as 9.1% to A$14.51, a five-month low and the worst performer on the S&P/ASX 200, after quarterly revenue of A$288.9 million came in about 20% below forecasts. Costs for its Malaysian heavy rare earths expansion nearly doubled to about A$294 million from A$180 million.
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