Lynas Shares Jump on LAMP Production Expectations

Mining Weekly reported that yesterday, shares of Lynas Corporation Ltd. (ASX:LYC) jumped 25 percent on the news that the company expects its Lynas Advanced Materials Plant (LAMP) to hit production and sales volume records in both March and the first quarter of this year.

As quoted in the market news:

‘With one week left in March, I am delighted to say that we expect to report record production and sales volumes for both the month of March and for the March quarter,’ said Lynas chairperson Nicholas Curtis.

He noted that while Lamp had been slower to ramp up than anticipated, recent production was beginning to demonstrate a sustainable momentum. Curtis has maintained Lynas’ production target of 11 000 t/y by the June quarter.

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