Write an article about Lynas leads non-China heavy rare earths production at M’sian facility .Organize the content with appropriate headings and subheadings (h1, h2, h3, h4, h5, h6), Retain any existing tags from Lynas Rare Earths Ltd said it is marketing its heavy rare earth product at a premium compared with benchmark prices in China, capitalising on demand from Western customers. (AP pic)
KUALA LUMPUR: 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.
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 defence applications.
“We are engaged with customers in Japan, the US, and Europe regarding heavy rare earths supply,” Lynas CEO Amanda Lacaze said in a statement.
Lynas said in its most recent quarterly operational report that it was marketing its heavy rare earth product at a premium compared with benchmark prices in China, capitalising on demand from Western customers.
China has a near monopoly over rare earths and has used its market power as a tool in the tariff war with the US. It placed export controls over materials including dysprosium and terbium, which it only loosened this month.
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