ENERGY MINERALS

Lynas attracted to spend big on NdPr expansion at Mt Weld

WITH the best part of A$1 billion in the bank and a strongly growing market in train, Lynas Rare Earths has committed to a $500 million expansion of its Mt Weld mining and processing operation in Western Australia so as to deliver 12,000t per annum of NdPr capacity by 2024.

 Mt Weld is getting bigger

Mt Weld is getting bigger

NdPr production last quarter totalled nearly 1600t, representing a 6400tpa run-rate. NdPr is used in permanent magnets, the strongest permanent magnets available and widely used in electric motors and...

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