“Market demand for heavy rare earths is high and Lynas can be selective in where, and at what price, we sell heavy rare earth oxides,” said Lynas chief executive officer Amanda Lacaze.
KUALA LUMPUR (Oct 29): Lynas Rare Earths Ltd is planning to set up a new rare earth separation facility costing RM500 million in Malaysia to meet strong demand for a reliable source outside China.
The new facility will have the capacity to process up to 5,000 tonnes annually of heavy rare earth inputs, Lynas said in a statement. Feedstock for the facility will come from its Mount Weld deposit, and from other sources to be developed, such as ionic clay rare earth deposits in Malaysia, it noted.
