Eight businesses including Lynas Rare Earths, Albemarle Corporation and Australian Vanadium have secured nearly $50 million in federal government manufacturing grants.
Lynas Rare Earths has benefited from a favourable commodity market, having grown its net profit from $3 million to $40.6 million in the year to December 2020.
ASX-listed Lynas Rare Earths has entered into an agreement with the US Department of Defense to build a commercial light rare earths separation plant in Texas.
Lynas Corporation has moved closer to building its onshore rare earth processing facility, announcing it will lease 135 hectares of industrial-zoned land from the City of Kalgoorlie-Boulder.
Lynas Corporation is raising $425 million to build its proposed rare earths processing facility in Kalgoorlie, while also disclosing an annual loss of $19.3 million.
Rare earths miner Lynas Corporation has moved ahead with the development of its Kalgoorlie processing plant after signing a $21.6 million contract with Metso Outotec.
Rare earth producer Lynas Corporation intends to sublease an industrial zoned property from the City of Kalgoorlie-Boulder, three months after signing an agreement with the mining town to review potential sites for its cracking and leaching plant.
Lynas Corporation has signed an agreement with the City of Kalgoorlie-Boulder to review potential sites for a cracking and leaching plant, as the rare earths producer seeks to assuage concerns from Malaysia around radioactive waste.
Lynas Corporation chief executive Amanda Lacaze says the company is around two months away from deciding on a Western Australian site to expand its processing operations.
Lynas Corporation has signed a memorandum of understanding with US-based Blue Line Corporation to set up a rare earths separation facility in Texas, following ongoing regulatory issues at its processing plant in Malaysia.
Wesfarmers has made a $1.5 billion indicative offer for rare earths miner Lynas Corporation, its first takeover bid since its ill-fated $705 million purchase of Homebase in the UK in February 2016.
