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On February 27th, Meizu announced that it will suspend its self-developed hardware projects for new domestic mobile phone products and is actively contacting third-party hardware partners. Sources familiar with the matter revealed that the partner Meizu is in contact with may be Cube. The aforementioned source stated, "Cube currently has an intention to cooperate with Meizu, but specific details are still under discussion, and the cooperation will depend on product-related communications."Statistics Finland: Finlands GDP grew 0.4% quarter-on-quarter and 0.1% year-on-year in the fourth quarter.On February 27th, JPMorgan Chase released a research report stating that Hong Kong Exchanges and Clearing Limited (HKEX) (00388.HK) announced a net profit of HK$4.3 billion for the fourth quarter of 2025, a 12% decrease quarter-on-quarter but a 15% increase year-on-year, exceeding JPMorgans forecast by 19%. Profit for fiscal year 2025 is expected to reach HK$17.8 billion, a 36% increase year-on-year, exceeding market forecasts by 2%. The bank believes the better-than-expected performance was mainly driven by revenue. Transaction fees and settlement fees performed better than expected, decreasing by 14% and 16% quarter-on-quarter respectively, despite seasonally weak trading volume and a 21% quarter-on-quarter decrease in average daily turnover of spot stocks. These factors offset weaker-than-expected custody fees and market data fees. For HKEX, this was a strong quarter, with robust earnings despite weaker trading volume in the fourth quarter. Strong net investment income was a positive surprise and could be a source of upward revisions to the 2026 fiscal year earnings forecast. Following a seasonal weakness in December 2025, trading volume has rebounded strongly, with an average daily turnover of approximately HK$260 billion year-to-date, even including the weaker Lunar New Year period last week. Furthermore, the Hong Kong Stock Exchange (HKEX) is expected to see over 400 active IPO applications entering 2026, a significant increase from 297 in the third quarter. The bank anticipates strong share price performance and maintains its "Overweight" rating on HKEX with a target price of HK$540.JPMorgan Chase: European natural gas inventories remain near historic lows, but the fundamentals have improved due to factors such as warmer weather and increased LNG shipments.BASF reported a net profit of €560 million in the fourth quarter.

Fourth-quarter revenue for Lynas improves owing to higher demand for rare earths

Charlie Brooks

Jul 18, 2022 10:50

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Monday, Lynas Rare Earths Ltd announced a 58 percent rise in quarterly revenues as a result of the increasing global demand for renewable energy sources.


Demand for rare earth minerals, which are utilized in everything from autos to computers to missiles, has soared in recent years as nations and industries have sought to decrease carbon emissions.


While Lynas' fourth-quarter sales climbed by more than three-fifths year-over-year to A$294.5 million ($199.97 million), the miner recorded a decline in revenue from the previous quarter's A$327.7 million.


Similarly, the company revealed that the miner's quarterly rare-earths oxide (REO) output declined by 26.2% sequentially owing to water supply concerns in Malaysia.


The company's quarterly production of neodymium and praseodymium (NdPr) dropped from 1,687 tonnes in the March quarter to 1,579 tonnes in the June quarter.


Automobile manufacturers generally use minerals such as NdPr to create magnets for electric cars.


In addition, Lynas' reported a range-wide average selling price of A$79.2 per kilogram, which is double the previous year's pricing.


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