Kuantan rare-earth permanent magnet factory, Malaysia
Name of the Project
Kuantan rare-earth permanent magnet factory.
Location
Near the Lynas Malaysia advanced materials plant in Kuantan, Pahang, Malaysia.
Project Owner/s
South Korean-listed rare-earth permanent magnet manufacturer JS Link Inc (project developer) and Australian-listed rare earth materials producer Lynas Rare Earths (strategic partner, investor and feedstock supplier).
Project Description
The project entails the development of a factory with capacity to produce 3 000 t/y of neodymium/iron/boron permanent sintered magnets. The magnets are intended for automotive, wind energy and electronics manufacturing supply chains in Korea, Malaysia and other key markets.
Potential Job Creation
The factory is expected to create up to 400 new jobs.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
Not disclosed.
Lynas will invest about A$50-million in ordinary equity in JS Link, with the funds to be used to support construction of the proposed factory.
Planned Start/End Date
Not disclosed.
Latest Developments
Lynas and JS Link signed a long-term partnership agreement for the factory on July 7, 2026, following a memorandum of understanding concluded in July 2025.The exclusive rare-earth materials supply arrangement is scheduled to remain in force until January 2038.
Key Contracts, Suppliers and Consultants
None disclosed
Contact Details for Project Information
Lynas Malaysia, tel +60 9 582 5200 or email general@lynasre.com.
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