Lynas Rare Earths |
Australian rare earths producer Lynas Rare Earths has officially inaugurated the nation’s first fully commissioned rare earths processing plant in Kalgoorlie. This milestone marks a significant step forward in bolstering Australia’s rare earths production capabilities.
The A$800 million ($530 million) facility aims to process mixed rare earth carbonate sufficient to produce 9,000 t/yr of neodymium-praseodymium (NdPr), a vital material for rare earth magnets used in electric vehicles (EVs) and other advanced technologies. Currently, the processed rare earth carbonate is shipped to Lynas' Malaysian facility and is also expected to supply its planned facility in the United States.
Boosting NdPr Output and Expanding Operations
In Q3 2024, Lynas reported a production of 1,677t of NdPr oxide at its Malaysian plant, up from 1,504t in Q2 and 1,526t in Q3 2023. The Kalgoorlie facility is anticipated to further increase Lynas’ NdPr supply to meet growing global demand.
The Malaysian facility, meanwhile, is undergoing a major expansion. It is projected to commence production of dysprosium and terbium—critical materials for high-performance permanent magnets—by 2025. Additionally, the site’s reconfigured circuits will have the capability to separate up to 1,500 t/yr of mixed heavy rare earth compounds.
Global Implications of Lynas’ Expansion
As a leading producer of rare earths outside China, Lynas plays a key role in diversifying global supply chains for critical minerals. The Kalgoorlie facility enhances Australia's position as a reliable source of rare earth materials while supporting the development of advanced technologies such as EVs and renewable energy solutions.
No comments
Post a Comment