Rare earths producer Lynas Corp has reported its processing operations and sales are recovering from Covid-19 pandemic levels, and foreshadowed the possibility that governments in Australia and elsewhere may provide assistance to extend its strategic processing operations. The Perth company, which mines rare earths at Mt Weld in Western Australia and operates a controversial processing…
Rare earths producer Lynas Corporation has successfully raised $425 million in fresh equity from investors. The company, the only major supplier outside China of rare earths used in high technology products, raised $114 million in an entitlement offer with existing shareholders. Fourty four per cent of shareholders agreed to subscribe new equity. Together with funds…
Economic growth in current times will ask for identifying new, efficient ways of increased productivity, ways to integrate policy priorities across diverse sectors.
Australian Strategic Materials’ (ASM) joint venture partner has produced 20.8 kg of high purity titanium metal, with a purity of 99.83 per cent (pictured). South Korea’s Zirconium Technology Corporation (ZironTech) produced the metal, confirming the energy usage at approximately 30 per cent of the standard titanium industry processes. The company’s metal technology energy usage is…
Rare earths producer Lynas Corp is to raise $425 million from investors, even as it reported subdued results down on the previous year because of shutdowns forced on the company by the Covid-19 pandemic. The Perth company reported an EDITDA of $59.8 for the 2020 financial year, down from $100.7 million, on revenue of $305…
The final report of the National COVID-19 Commission’s manufacturing taskforce is expected to recommend policy changes including around energy, procurement, and commercialising public R&D work. Brent Balinski spoke to the taskforce’s head, Andrew Liveris, about ways to maximise manufacturing’s contribution in the economic recovery and beyond.
Rare earths producer Lynas Corporation has signed a ‘phase one’ contract with the US Department of Defence to construct a rare earths processing plant in the United States. The contract will allow the company and its US partner Blue Line to complete a market and strategy study and planning and design work for the heavy…
SciDev wins US fracking customer Solids-liquid separation chemicals and technology company SciDev has won a new customer for its its chemicals for the Texas oil and gas sector. The company’s US subsidiary Highland Fluid technology has partnered with technology business Floktek Industries to service an order from the customer which operates 1,600 wells in the…
Rare earths producer Lynas Corporation has announced the restart from today of its Malaysian processing facility, following a general re-opening of the economy by the Malaysian government. The plant, which was shut down as part of national efforts to halt the spread of Covid-19, will operate at 70 per cent capacity. The company told investors:…
Comment by Peter Roberts With Australia reassessing the strategic necessity of local manufacturing post Covid-19 it is salutatory to take a look at the sad case of missed opportunity for the nation that is rare earths producer Lynas Corporation. The Perth company is the world’s second largest rare earths producer and the only significant producer…
