Lynas Becomes First Heavy Rare Earths Producer Outside China

Lynas Rare Earths Ltd. has become the first commercial producer of so-called ‘heavy’ rare earths outside China, refining dysprosium oxide at its facility in Malaysia, it said in a statement.

The production of dysprosium, used in high performance magnets for renewables and electric vehicles, marks a major milestone for the Australian company which already produces light rare earths for smart-phones and defense applications.

“We are engaged with customers in Japan, the United States and Europe regarding heavy rare earths supply,” Lynas Chief Executive Officer Amanda Lacaze said in the statement.

Lynas said in its most recently quarterly operational report that ...