BUZZ-Australia's Lynas Rare Earths falls as Q3 revenue takes a hit on plunging prices

Reuters04-24

** Shares of Australia's Lynas Rare Earths fall as much as 2.3% to A$6.25, last down 0.6%

** Rare earths miner posts a slump in Q3 sales revenue due to a plunge in prices for rare earths but signals a slight recovery in April

** Prices of rare earths were fairly weak during the Q3 as increased production in China and slower-than-expected demand growth recovery remained a drag

** Co posts sales revenue of A$101.2 mln ($65.70 mln) for the quarter, down 58.3% from A$242.8 mln a year earlier

** Stock down 10.6% this year, as of last close

($1 = 1.5404 Australian dollars)

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))

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