Lynas Rare Earths

Heavy rare earths, magnets, dysprosium, terbium

AUpublic~1,200 staffest. 1983lynasrareearths.com (opens lynasrareearths.com)Checked 11 Oct

The brief

Analyst view
  • 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

As reported
Mining

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.

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.

Products

Heavy rare earth oxides

Dysprosium and terbium boost magnet coercivity and temperature resistance for motors.

Primer