Lynas allocates A$25mil capex for Malaysian facility to produce separated hre products

KUALA LUMPUR: Lynas Malaysia, a wholly-owned unit of Lynas Rare Earths Ltd (Lynas), is targeting the first production of two separated heavy rare earths (HRE) products in 2025.

Lynas said about A$25 million (A$1=RM3.15) in capital expenditure (capex) for this project will be accommodated within the previously disclosed Lynas Malaysia Industrial Plan.