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Australia’s Lynas Rare Earths said on Friday there will be a planned shutdown of all its operations in Malaysia except its mixed rare earth carbonate processing plant in the December quarter.
During the shutdown, which starts in mid-November, key personnel from the Malaysian cracking and leaching segment will be deployed to assist with the start-up process of its rare earths processing facility in Kalgoorlie in Western Australia, Lynas said. The company will implement an upgrade to its downstream operations at Lynas Malaysia to increase production of neodymium-praseodymium to about 10,500 tonnes per annum.
The world’s largest producer of rare earths outside China said sales revenue was A$128.1 million for the three months to Sept. 30, compared with A$163.8 million a year ago and a consensus estimate of A$159 million, according to Barrenjoey.
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