# Lynas announces A$500M Mt Weld expansion to feed 12,000 t/yr of NdPr

Canonical page: https://technooptimist.io/stories/lynas-announces-a-500m-mt-weld-expansion-to-feed-12-000-t-yr-of-ndpr-ecd07aa4
Date: 3 Aug 2022
About: [Lynas Rare Earths](https://technooptimist.io/companies/lynas-rare-earths.md) · [Mt Weld mine and Kalgoorlie processing](https://technooptimist.io/materials/mt-weld-kalgoorlie.md)
Original source: https://wcsecure.weblink.com.au/pdf/LYC/02549359.pdf

Lynas announced an approximately A$500 million project to expand the Mt Weld mine and concentration plant, targeting feedstock capacity of 12,000 tonnes a year of NdPr equivalent in 2024. The project, funded from cash flow, adds crushing and grinding, more flotation circuits, an apatite leach and a water-recycling circuit. Two further stages could each add about 2,400 tonnes a year.

## Key facts

- Target: 12,000 t/yr NdPr equivalent feed in 2024 (full operation planned for 2024).
- Earlier Lynas 2025 plan aimed for 10,500 t/yr NdPr by 2025.
- Magnet demand forecast: 130,000 t in 2020 to 265,000 t in 2030.
- Includes a staged shift from diesel to gas and hybrid renewable power.

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