#Lynas warns #China will starve #RareEarths projects of equipment
Lynas managing director Amanda Lacaze says the wave of new, government-backed rare earths projects will face higher construction costs because Chinese manufacturers will deliberately starve Australian and American projects of the equipment and consumables they need.
The warning from Lynas, the biggest producer of separated rare earth oxides outside China, came as the company reported its strongest quarterly revenue in more than two years.
The US, Australia and other countries are pumping billions of dollars into construction of new rare earths mines and refineries in a bid to break China’s stranglehold on the metals needed for defence and decarbonisation products.
Lynas mines rare earths in WA and refines them in Malaysia, and has spent the past decade fighting China’s ability to suppress rare earth prices, and curious cyber campaigns that appeared to act in the Chinese national interest.
Speaking to investors on Thursday, Lacaze said China was also limiting the availability of equipment and consumables for the construction and operation of rare earths refineries.
Prior to going into mining in unexplored part of the world:
1. We need immediate research and development to improve the existing technologies.
2. Build refineries in the existing mines with infrastructure using developed technologies.
3. Take the price control of the Rare Earth Elements by tariffs or other means until the local refineries optimize the refining processes and operating cost.
We do not want to send the concentrate to another country to do final refining.
Read more at: https://www.afr.com/companies/mining/lynas-warns-china-will-starve-rare-earths-projects-of-equipment-20251029-p5n69e
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