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Speaking on a March quarter conference call, Lynas CEO Amanda Lacaze explained the company was keen to meet the demand of its strategic customers while not losing money, depleting its resource, and seeing product inventories build during a low price period.
As it is, the company's Malaysian operation is currently on care and maintenance as per government directives dealing with COVID-19.
However, hopes are production may resume in the short term.
Meanwhile, Lynas' cash balance increased A$13 million last quarter to $124.6 million, with production slightly up on the December period.
Shares in Lynas were up 3% to $1.58 in morning trade, capitalising the company at $1.1 billion.
