The company said it plans to maintain production at 75% however, as it seeks to continue to meet covid-19 safety protocols and grapples with shipping difficulties.
"While the persistence of the COVID crisis, especially in Europe, calls for careful forecasts for our business ahead, we see the rare earth market recovering very quickly," the world's largest rare earths producer outside China said.
Doubts have risen over the future of the Kvanefjeld project as a left-wing party pledged on Wednesday its opposition after winning a parliamentary election.