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China-linked fund seeks ouster of Australian rare earth miner's chairman

China-linked fund seeks ouster of Australian rare earth miner's chairman
bangkokpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bangkokpost.com Daily Mail and Mail on Sunday newspapers.

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Australia grants Lynas $11 million for new rare earth refining process

Australia grants Lynas $11 million for new rare earth refining process
Reuters
10 hrs ago
© Reuters/Melanie Burton
A truck carrying rare earths travels towards Lynas Corp s Mount Weld processing plant, in Western Australia
(Reuters) - Lynas Rare Earths Ltd said on Thursday it got a A$14.8 million ($10.9 million) grant from Australia to commercialise a new mineral refining process that produces high-purity rare-earth carbonate.
The grant comes as nations worldwide look at ways to curb their reliance on China for the specialised minerals, which are used in a range of products including electric vehicles, smartphones and military equipment.
Lynas, the world s largest producer of rare earths outside China, said the new refining process would be used at its upcoming A$500 million processing facility in Kalgoorlie, Western Australia. ....

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