The brief
- In June 2026, Lynas reported record revenue of A$288.9 million as it expanded heavy rare earth production.
- Produces separated dysprosium and terbium oxides starting May 2025; unique non-China commercial heavy rare earth separator.
- These oxides are essential for high-performance magnets in electric vehicles and advanced electronics.
Technical approach
Mt Weld ore concentration
Ore from the Mt Weld mine in Western Australia is processed into rare earth oxide concentrate, which is then shipped to Malaysia for further separation.
Solvent extraction at Kuantan
The Malaysia plant uses solvent extraction to separate mixed rare earth oxides into individual pure products, a process China dominated before Lynas.
Heavy rare earth oxides
Dysprosium and terbium boost magnet coercivity and temperature resistance for motors.

