Lynas Rare Earths Starts Dysprosium Production In Malaysia

A publicly traded mining company in Australia is ramping up the production of heavy rare earth elements. And it might reshape the world’s dependence on China.

What’s happening:

• Lynas Rare Earths (ASX: LYC) has officially begun production of dysprosium oxide at their rare earth processing facility located in Malaysia
  

Why it matters:‍

• Lynas Rare Earths is now the first publicly traded company to successfully begin producing dysprosium oxide outside of China
  

Going deeper:‍

• Dysprosium is a critical input for high performance magnets that are needed to manufacture electric vehicles, wind turbines and even nuclear reactor control rods
  
• Lynas Rare Earths has also publicly stated they plan to begin imminently producing terbium as well at their facility in Malaysia, which is another highly important heavy rare earth element
  
• Reducing global dependence on China for rare earth elements has continued to make waves in the public markets, which notable led MP Materials (NYSE: MP) to just recently form a new partnership with Middle East mining giant Ma’aden to develop a new rare earth element supply chain in Saudi Arabia
  

The intrigue:‍

• Lynas Rare Earths is also constructing a rare earth refinery located in Texas which has already secured a multi hundred million dollar deal with the United States Department of Defense

‍