Australia's Lynas Rare Earths on Monday reported record fourth-quarter revenue as demand for the metals it mines that are used in electric vehicles, smartphones, and military equipment spurred prices higher.
Environmentalists sued earlier this year to block the proposed mine, arguing that it could threaten sage grouse habitats and that the former President Donald Trump's administration erred when it approved it in January.
For the first four months of the year, the market was in a 69,000 tonnes surplus compared with a 110,000 tonnes surplus in the same period a year earlier.