Lynas allocates A$25mil capex for Malaysian facility to produce separated hre products

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KUALA LUMPUR: Lynas Malaysia, a wholly-owned unit of Lynas Rare Earths Ltd (Lynas), is targeting the first production of two separated heavy rare earths (HRE) products in 2025.

"The initial separation of HRE at our Malaysian facility is an exciting development for our company and the first step towards offering an expanded suite of HRE products," she said.

"Dy and Tb are important inputs to high-performance magnets and electronic devices and we are pleased to enhance our product range to meet current and prospective customers’ needs.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaAustraliaUnited States

Topics: Lynas Capex Rare earth Corporate News /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-27 @ 16:05:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 467 words

Reading Time: 3 minutes read

Sentences: 21 lines

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Copyright Owner: © The Star

News ID: 21400506

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