Interest in the company has come from North America and Asia,but Lynas is also on the hunt for potential acquisition opportunities and not just a target,the chief executive said.
“We are always open to think about partnering,or doing offtake agreements,or acquisitions,or whatever,” Lacaze said. “But we haven’t seen anything yet which makes more sense than continuing to invest in our own assets.”
Lynas processes critical minerals it mines in Australia at a downstream refinery in Kuantan,on Malaysia’s east coast. Its licence to import and process lanthanide concentrate – various elements collectively known as rare-earth metals – in Malaysia had been set to expire last month,but the company was granted a last-minute appeal to continue until January.
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As a result,it is racing to complete a new $575 million Australian processing plant in Kalgoorlie for its downstream cracking and leaching operations.
Lacaze said the plant was on target to produce mixed rare-earth carbonate from September.