Lynas is an integrated source of rare earths from mine to customer.
Rare earths are essential inputs to high technology, high growth, future-facing industries, especially those involved in energy efficient sectors.
Lynas has a portfolio of aligned assets to explore, develop, mine and process rare earth minerals. These assets are:
- Mt Weld – one of the world’s highest grade rare earths mines, located 35km south of Laverton in Western Australia
- Mt Weld Concentration Plant – commissioned in 2011 and located 1.5km from the mine site
- Lynas Malaysia – an integrated manufacturing facility, separating and processing rare earths materials, located in the Gebeng Industrial Estate near the Port of Kuantan in Malaysia
Lynas Malaysia was granted a Full Operational Stage License (FOSL) from Malaysia’s Atomic Energy Licensing Board (AELB) on 2 September 2014.
Rare Earths products processed at Lynas Malaysia are highly sought after by customers in Japan, China, Europe and North America. The company’s Japanese customer base continues to grow strongly and currently represents about 60% of sales.
Lynas is attractive to key customers as a sustainable supplier of high quality rare earths, including neodymium and praseodymium (NdPr) used in magnets, Lanthanum (La) and Cerium (Ce).
Unique chemical, catalytic, electrical, magnetic, metallurgical, and optical properties enable rare earths to play a key role in the advancement of materials technology. Rare earths already play a critical role in the electronics, automotive, environmental protection and petrochemical sectors. Industry analysts expect demand in key end use markets to grow well ahead of global GDP per annum, creating strong demand for rare earth materials.