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$500 million expansion for Lynas’ Mt Weld operations

Lynas Rare Earths has announced a $500 million project to expand capacity at the Mt Weld mine and concentration plant in Western Australia.

Lynas Rare Earths has announced a $500 million project to expand capacity at the Mt Weld mine and concentration plant in Western Australia to meet accelerating market demand for rare earth materials.

The Lynas 2025 growth plan targeted a 50 per cent increase in NdPr (neodymium and praseodymium) production to 10,500 tonnes per annum by 2025, including significant development of the Mt Weld ore body and beneficiation circuit.

Lynas managing director Amanda Lacaze said to meet Lynas’ ambition to grow with the market, this previously announced growth plan must be accelerated and increased.

“Investment in capacity expansion will be required at every production stage. This starts with increasing feedstock availability and this project will substantially expand Mt Weld’s feedstock capacity, targeting feedstock production capacity of 12,000 tonnes per annum NdPr equivalent in 2024.”

Lacaze said the rare earths market was growing at pace as the world transitions to new energy technologies such as wind energy and electric vehicles.

“Lynas has a decade long track record in responsible rare earths production and this project is designed to ensure we continue to grow with the market as a supplier of choice.

“This investment is supported by our high grade, long life and reliable source of feedstock, the remarkable Mt Weld ore body.

“Having a long life resource is an essential foundation for success in the rare earths market and the recent 1km deep drilling has demonstrated Mt Weld’s potential to supply feedstock for many years into the future.

“The Mt Weld capacity expansion project aims to unlock its true value in the most efficient and sustainable way to 2025 and beyond.”

Editor of industrial titles and mastheads with Prime Creative Media. Publications include Rail Express and Australian Mining (web content).
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