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On November 28th, U.S. Department of Homeland Security officials stated on Thursday that President Trump has ordered a comprehensive review of asylum cases approved during former President Bidens administration and green cards issued to citizens of 19 countries. According to official disclosures, the Afghan immigrant suspect who shot two National Guard members in Washington, D.C. on Wednesday entered the United States through the refugee resettlement program implemented in 2021. Hours after the shooting that seriously injured two guards, U.S. Citizenship and Immigration Services (USCIS) announced an immediate and indefinite suspension of all immigration applications from Afghan nationals. On Thursday, the Department of Homeland Security further stated that the review will be expanded to include all asylum cases approved during the Biden administration. USCIS Director Edlow stated in a statement that a "comprehensive and rigorous review of every green card issued to every foreign national from all countries of concern" is being initiated in accordance with Trumps request. While no specific list of countries was specified, USCIS pointed to Trumps June travel ban on 19 countries, including Afghanistan, Burundi, Laos, Togo, Venezuela, Sierra Leone, and Turkmenistan.Ukrainian President Zelenskys senior aide Yermak: As long as Ukrainian President Zelensky is in office, no one can expect us to give up territory.On November 28th, it was reported that Bank of Americas systemic importance was upgraded by the Financial Stability Board (FSB), meaning it will face higher capital requirements. In the FSBs list of Global Systemically Important Banks (GSIBs), the bank was moved to the third highest tier. The additional capital buffer required by the company increased from 1.5% to 2%. Deutsche Bank was downgraded one tier, with its additional capital requirement decreasing to 1%. Aside from these changes compared to the previous year, there were no other adjustments.On November 28th, the British government announced a postponement of sanctions against the international operations of Russias Lukoil company, the latest example of Western countries taking a cautious approach towards the energy giant. The UKs Financial Sanctions Enforcement Office stated that the grace period for sanctions against Lukoil International Limited and its subsidiaries will be extended to February 26th next year. The sanctions were originally scheduled to take effect at midnight on November 28th. Lukoil, along with another Russian energy giant, Rosneft, was also sanctioned by the United States in October, with some of those sanctions also receiving extensions.Hang Seng Index futures closed down 0.03% at 25,935 points in overnight trading, 11 points lower than the benchmark.

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.