Lynas Corporation Limited
(ASX:LYC) has reported positive free cashflow for the third straight quarter, despite low market prices.
The rare earths miner reported positive free cashflow of $1.3 million for the period ending 30 September 2015.
Lynas Corporation attributed the results to growth in production and a reduction in cash outflows.
Lynas Corporation noted the coming quarter will set the path forward as it is traditionally a strong quarter for magnet demand, and parties who have delayed purchases should be more active in the market.
Lynas Corporation recorded a net loss of $118.68 million at 30 June 2015.
