LYC
Lynas Rare Earths Limited
ASX
Lynas adds HRE product with first separated Terbium
Sentiment:
Production Update
17 June 2025 6:36 PM
Lynas Rare Earths Ltd has announced the successful first production of Terbium Oxide at its Malaysian advanced materials plant, further expanding its heavy rare earths product portfolio.
Better than expected
The successful first production of Terbium Oxide represents a significant expansion of Lynas' product capabilities and a positive operational milestone.
Summary
- Lynas Rare Earths Ltd has successfully commenced the production of Terbium Oxide at its Lynas Malaysia advanced materials plant.
- This achievement marks the second separated Heavy Rare Earths oxide produced at the facility, following the first production of Dysprosium Oxide in May 2025.
- Both Terbium Oxide and Dysprosium Oxide are critical components used in high-strength permanent magnets, which are essential for electric motors.
- The feedstock for these products is sourced from Lynas' world-class Mt Weld rare earths deposit located in Western Australia, known for both Light and Heavy Rare Earth minerals.
- The production of these heavy rare earths aims to provide manufacturers with an opportunity to enhance the resilience of their supply chains.
- Lynas is actively engaged in discussions with a variety of customers regarding these new products.
Sentiment
Score: 9
Explanation: The document conveys a highly positive sentiment, announcing a significant operational achievement with the successful production of a new, critical heavy rare earth product, which enhances supply chain resilience and market engagement.
Positives
- The successful production of Terbium Oxide diversifies Lynas' product offering into heavy rare earths.
- This new production enhances the company's capability to supply critical materials for high-strength permanent magnets.
- The availability of Dysprosium and Terbium from Lynas Malaysia provides manufacturers with an opportunity to increase the resilience of their supply chains.
- The company is positively engaged with a range of customers, indicating potential market demand for the new products.
- The production leverages Lynas' world-class Mt Weld rare earths deposit, which is a source of both Light and Heavy Rare Earth minerals.
Risks
- Forward-looking statements, opinions, and estimates provided in this announcement are based on assumptions and contingencies that are subject to change without notice.
- There is no assurance that actual outcomes will not differ materially from these forward-looking statements.
Future Outlook
The production of Dysprosium and Terbium at Lynas Malaysia is expected to provide manufacturers with an opportunity to increase the resilience of their supply chains, and Lynas is positively engaged with a range of customers regarding these products.
Management Comments
- Lynas Rare Earths CEO and Managing Director Amanda Lacaze stated that Lynas is delighted to have achieved first production of Terbium Oxide at the Lynas Malaysia advanced materials plant.
Industry Context
This announcement aligns with the broader industry trend of securing diversified and resilient supply chains for critical minerals, particularly heavy rare earths essential for the growing electric vehicle and renewable energy sectors.
Comparison to Industry Standards
- The document does not provide specific comparisons to other companies, projects, or global benchmarks regarding production volumes or purity standards for Terbium or Dysprosium.
Stakeholder Impact
- Shareholders are likely to view this as positive news, indicating successful project execution and product diversification.
- Customers, particularly manufacturers of electric motors, will benefit from a new, potentially more resilient source of critical heavy rare earths.
- Employees involved in the Malaysian plant operations will see this as a successful outcome of their efforts.
Next Steps
- Lynas will continue positive engagement with a range of customers regarding the sale and supply of the newly produced Dysprosium Oxide and Terbium Oxide.
Key Dates
- May 2025: First production of Dysprosium Oxide at Lynas Malaysia.
- 18 June 2025: Announcement of first production of Terbium Oxide at Lynas Malaysia.
Keywords
Rare Earths, Terbium Oxide, Dysprosium Oxide, Heavy Rare Earths, Lynas, Mt Weld, Permanent Magnets, Electric Motors, Supply Chain Resilience, Critical Minerals
LYC
Lynas Rare Earths Limited
ASX
Sector: Materials
Filings with Classifications
Better than expected
17 June 2025 6:36 PM
Production Update
- The successful first production of Terbium Oxide represents a significant expansion of Lynas' product capabilities and a positive operational milestone.
Worse than expected
26 February 2025 11:03 PM
Results Presentation
- The company reports a profit in a challenging market, implying that the results were worse than expected.
Better than expected
25 February 2025 4:04 PM
Results Presentation
- NdPr production increased by 23% compared to 1H FY24.
- Sales revenue increased by 8% compared to 1H FY24.
Worse than expected
25 February 2025 4:04 PM
Interim Financial Report
- The results were worse than expected due to a significant decrease in net profit, driven by lower rare earth prices and increased production costs.
Worse than expected
25 February 2025 4:04 PM
Half Year Report
- The net profit after tax decreased significantly from $39.5 million to $5.9 million, indicating a worse financial performance compared to the previous year.
Worse than expected
16 January 2025 4:43 PM
Quarterly Report
- Production volumes were lower than planned due to issues with impurities in the MREC feedstock and the annual processing limit in Malaysia.
Delay expected
16 January 2025 4:43 PM
Quarterly Report
- The chemical inputs required for the treatment of MREC impurities were not available until December 25th, causing a delay in production.
Better than expected
26 November 2024 5:25 PM
Annual General Meeting Presentation
- The significant increase in Mt Weld Mineral Resources and Ore Reserves, coupled with the successful completion of major projects and cost reductions, indicate results better than might have been expected.
Delay expected
26 November 2024 5:25 PM
Annual General Meeting Presentation
- Site works at the US facility are on hold due to a wastewater permitting issue.
Worse than expected
29 October 2024 5:24 PM
Quarterly Report
- Rare earth prices remained low throughout most of Q1 FY25, resulting in lower than expected sales revenue compared to previous quarters.
Delay expected
29 October 2024 5:24 PM
Quarterly Report
- A permitting issue related to wastewater management has put a hold on earthworks for the U.S. Rare Earths Processing Facility.
Worse than expected
10 October 2024 5:27 PM
ESG Report
- The net profit after tax was significantly lower than the previous year, indicating worse than expected financial performance.
Worse than expected
10 October 2024 5:26 PM
Annual Report
- The net profit after tax decreased significantly from $310.7 million in FY23 to $84.5 million in FY24, primarily due to lower rare earth prices and reduced production volumes.
Delay expected
10 October 2024 5:26 PM
Annual Report
- Earthworks for the planned U.S. Rare Earths Processing Facility have been delayed until a permitting issue related to wastewater management is resolved, which is unlikely to happen before the end of 2024.
Better than expected
4 August 2024 8:02 PM
Company Presentation
- The company announced a 92% increase in Mineral Resources and a 63% increase in Mt Weld Ore Reserves.
Better than expected
4 August 2024 6:18 PM
Resource and Reserve Update
- The Mineral Resources and Ore Reserves have increased significantly compared to the 2018 estimates.
- The contained Dysprosium oxide in Ore Reserves has increased substantially.
- The updated Ore Reserve supports a longer mine life at expanded production rates.
Worse than expected
22 July 2024 6:11 PM
Quarterly Report
- The company's REO and NdPr production were lower than the previous quarter.
Delay expected
22 July 2024 6:11 PM
Quarterly Report
- Completion of Stage 2 of the Mt Weld Expansion Project is now expected by the end of FY25.
- Delays in receiving concentrate due to disturbances to the global shipping industry and kiln maintenance shutdowns impacted downstream production.
Delay expected
11 July 2024 6:25 PM
Missing type for ID: 3288
- ASX:LYC announces a delay.
Worse than expected
19 June 2024 7:32 PM
Investor Presentation
- Pricing at surprisingly low levels following strong production growth inside China.
Delay expected
19 June 2024 7:32 PM
Investor Presentation
- Many new rare earth projects have stalled.
Delay expected
23 April 2024 6:19 PM
Quarterly Report
- The commissioning timeline for the Kalgoorlie facility has been extended, leading to a budget increase.
Worse than expected
23 April 2024 6:19 PM
Quarterly Report
- The Q3 FY24 revenue was significantly lower than the previous year due to lower NdPr prices and the decision to hold inventory.
Disclaimer: This summary was generated by artificial intelligence and its accuracy is not guaranteed. The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.