Lynas to build US light rare earths separation facility
Australia-based Lynas Rare Earths Limited entered into an agreement with the US Government to build a commercial Light Rare Earths separation plant in the United States, through a wholly owned subsidiary, Lynas USA LLC.
This collaboration with the Department of Defense is sponsored by the Title III, Defense Production Act program, which sits within the Pentagon’s office of Industrial Policy, and will ultimately be directed by the Office of the Undersecretary for Acquisition and Sustainment.
This project is scheduled to be completed in accordance with the Department of Defense timetable and as part of the Lynas 2025 plan. Detailed costings are still being finalized; the company expects Department of Defense funding to be capped at approximately US$30 million. Lynas will also be expected to contribute approximately US$30 million under the agreement.