Lynas works to bring down costs as prices tumble
PERTH (miningweekly.com) – Rare earths miner Lynas on Friday announced that it has started implementing a programme to reduce operating costs and expenditure in response to the subdued rare earths market.
The miner said that it was also optimising production at the Phase 1 capacity of its Lynas Advanced Materials Plant (Lamp) in Malaysia, which has a nominal capacity of 11 000 t/y of rare-earth oxides.
The company said that it would continue at this level until higher market prices were reached.
Despite the current macroeconomic environment, Lynas remained confident that rare-earth demand would grow at above-gross domestic product rates over the medium term, driven by increases in demand from key sectors.
Lynas on Friday also reported that the cracking and leaching unit of the Lamp had achieved 100% of its 11 000 t/y Phase 1 nameplate production capacity, and noted that ongoing rates of production in the separation and production finishing units would be determined according to the rate of product approval by customers, and by the market demand.
The Phase 2 expansion of the concentration plant at Mount Weld was also completed, and the plant was producing at capacity, Lynas said.
Meanwhile, the construction and the pre-commissioning of the Phase 2 at Lamp was near completion, and the kilns were currently being heated-up for commissioning.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...
VISIT SHOWROOM
At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
