Lynas Corporation's (ASX: LYC, OTC: LYSDY) shares are continuing to trade high volumes, with the company averaging daily turnover above 11 million shares each day of last week - which is more the double the preceding weeks.
Adding investor interest is that commercial production and sales of REO products increased during the December quarter from the company's Lynas Advanced Material Plant (LAMP) in Malaysia.
This reflected the progressive completion of the previously announced work programs in the cracking and leaching units of the LAMP.
Total “ready for sale” production during the quarter was 741 tonnes, on an REO equivalent basis, around three times the production of 253 tonnes in the September quarter. An additional 35 tonnes of production is awaiting classification as “ready for sale” production.
A total of 409 tonnes of rare earth product was shipped to customers during the quarter, 87% higher than in the previous quarter.
In addition, most of the cerium and lanthanum borrowed in 2012 for the pre-seeding of the LAMP was produced and returned by the end of the quarter.
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