Lynas Rare Earths Ltd
Lynas Rare Earths Limited is an Australia-based company, which is engaged in integrated mining of rare earth minerals in Australia and mineral processing in Australia and Malaysia, and development of rare earth deposits.
The business
Lynas Rare Earths Limited is an Australia-based company, which is engaged in integrated mining of rare earth minerals in Australia and mineral processing in Australia and Malaysia, and development of rare earth deposits. The Company’s operations include Mt Weld, Lynas Malaysia, Kalgoorlie and Lynas USA. It focuses on developing the Mt Weld resource, which includes ongoing exploration, production of mixed rare earths concentrates, and an expansion project to increase concentrate feedstock production to support 12,000 tons per annum of finished NdPr oxide. The Lynas Malaysia advanced materials plant is located on a 100-hectare site in the Gebeng Industrial Estate, a purpose-built petrochemical industry zone near Kuantan, on the east coast of Malaysia. Its rare earths processing facility in Kalgoorlie undertakes value-added processing of rare earths and produces Mixed Rare Earths Carbonate (MREC) which is shipped to Lynas Malaysia for separation into individual rare earth products.
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Weekly Wrap: Thursday bank selling left ASX 200 lower for the week
The ASX 200 fell 0.58% for the week after Thursday's bank-led sell-off reached every sector. The Small Ordinaries lost 1.39%.
Which ASX Stocks Could Benefit as Rare Earth Prices Surge on Tightened US Supply Chains?
Prices of neodymium and praseodymium (NdPr) oxides – two rare earth elements essential for super-strong magnets – have surged to their highest levels in more than two years. The rally follows US rare earth producer MP Materials halting raw material exports to China, creating a significant gap in supply. China currently controls around 90% of […]
Lynas Rare Earths’ half-year profit drops as challenging market conditions continue
Lynas Rare Earths (ASX: LYC) has highlighted the “complex” nature of the current rare earths market as a factor that significantly impacted its latest half-year profits. The leading rare earths producer reported a net profit after tax of $5.9 million for the six months to 31 December, a substantial decline from the $39.54m reported a […]
Lynas Rare Earths opens Kalgoorlie processing plant, boosting local supply chain resilience
Australia’s hopes of becoming a significant player in the global rare earths chain have reached a key milestone with the official opening of Lynas Rare Earths’ (ASX: LYC) processing plant in Kalgoorlie, Western Australia. Home to world-class rare earth reserves, Australia is seen as a key link in a global supply chain aiming to shift […]
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