Lynas Corporation has overcome a political hurdle in the United States to secure a contract for a rare earth facility in Texas. This is key to Lynas’ 2025 growth plan as the facility will be the only source of separated heavy rare earths outside China. Lynas will design and operate the separation facility, which will process heavy rare earths material sourced from its Mt Weld mine in Western Australia.
The Malaysian-headquartered company hit a roadblock earlier this year as the United States Government reconsidered its decision to contract Lynas for the facility amid the options of sourcing a domestic supply or supply from the country’s allies.
Upon winning the contract, Lynas chief executive and managing director Amanda Lacaze said the company was very pleased to have signed the contract with the Department of Defense (DoD) for this phase one work...MORE
