News News
Contact us
  • Customer service number:64321087
  • Commercial service telephone:13918059423
  • Technical service telephone:13918059423
  • Contact person: Mr. Cui 
  • Service
  • Address: room 107, building 8, no. 100, guilin road, xuhui district, Shanghai

Rare Earths MMI: Pentagon forges ahead with Lynas, MP Materials projects

The date of: 2020-08-13
viewed: 2


Pentagon moves ahead with rare earths projects

After awarding Phase 1 contracts to Lynas Corporation and MP Materials in April, the Department of Defense (DoD) opted to freeze funding for the projects pending further review. However, the DoD last month agreed to resume funding and move forward with the projects, as Reuters recently reported.

The projects entail the building of heavy rare earth separation facilities by the two firms in Texas and California, respectively.

The U.S. has long sought to curb its dependence on China for critical rare earths. Rare earths, while not actually rare, are used in a variety of high-tech capacities, including military applications.

Lynas announced July 27 that the Department of Defense had signed a contract for the work on the project, which Lynas will develop with Texas-based Blue Line Corp.

“As noted in our ASX announcement on 22 April 2020, Phase I funding provided by the DoD will allow Lynas and our U.S. partner Blue Line to complete a detailed market and strategy study plus detailed planning and design work for the construction of a Heavy Rare Earth separation facility,” Lynas said in the release. “In line with DoD Phase I milestones, we expect this work to be completed in the 2021 financial year.”

The U.S. facility will process heavy rare earths sourced from Lynas’ Mt. Weld mine in Western Australia.

Breaking down the deals

Meanwhile, MetalMiner’s Stuart Burns weighed in on the developments in the U.S. rare earths scene.

“Lynas processes lanthanum (La), cerium (Ce), praseodymium (Pr) and neodymium (Nd) in Malaysia,” MetalMiner’s Stuart Burns explained. “It would be logical for Lynas to send the balance of its rare earths — otherwise known as SEG concentrate, short form for Samarium (Sm)/Europium (Eu)/ Gadolinium (Gd) concentrate — to the new facility it is building in San Antonio.

“The real value here is in the terbium (Tb) and dysprosium (Dy) content, along with the gadolinium (Gd), according to this post in Investor Intel.

“Currently, the only market for the SEG is China.”

Lynas’ Kalgoorlie project moves forward

In other Lynas news, the Australian firm took another step toward commencing operations at its new Kalgoorlie rare earths processing facility.

Lynas awarded a kiln contract worth U.S. $15 million to Metso Outotec. The kiln will be 110 meters long and weigh approximately 1,500 tonnes.

Furthermore, Metso Outotec will manufacture the kiln to “Lynas’ own design,” which “improves on the design of the four 60 metre kilns currently in operation at the Lynas Malaysia plant.”

“The new kiln will provide increased efficiency and reliability,” Lynas said.

MP Materials announces merger

As for MP Materials, it announced July 15 it will merge with Fortress Value Acquisition Corp (FVAC).

MP Materials is the owner and operator of the Mountain Pass mine in California.

Drew McKnight, CEO of FVAC, stressed the need to “find a reliable and resilient source for rare earths,” calling it “crucial for the U.S. and global supply chain.”

Actual metals prices and trends

The Chinese yttrium price rose 1.3% month over month to $32.25/kg as of Aug. 1. Terbium oxide gained 0.3% to $662.83/kg.

Neodymium oxide jumped 6.7% to $45,574.28/mt.

Dysprosium oxide fell 1.6% to $265.85/kg.

Hot News / Related to recommend
  • 2023 - 06 - 07
    Click on the number of times: 0
    source:SMALL CAPSBrazil-focused explorer BBX Minerals (ASX: BBX) has used ternary radiometric imaging and the Th/U factor to define 14 high-priority targets across 19.4 square kilometres of the Ema an...
  • 2023 - 06 - 07
    Click on the number of times: 0
    source:CIMMAGAZINEThe Saskatchewan Research Council (SRC) has designed and manufactured Canada’s first proprietary commercial-scale solvent extraction cell technology, which is designed to upgrade rar...
  • 2023 - 06 - 05
    Click on the number of times: 0
    source:MissoulianA Nevada company that hopes to mine what it describes as the nation's richest deposit of rare-earth elements at the south end of the Bitterroot Mountains plans to conduct further ...
  • 2023 - 06 - 05
    Click on the number of times: 0
    Browns Range’s rare earths project to contribute to potential alternative permanent magnets supply chainsource:Innovation news networkNorthern Minerals has been around for more than a decade and start...
  • Copyright ©Copyright 2018 2020 Shanghai rare earth association All Rights Reserved Shanghai ICP NO.2020034223
    the host:Shanghai Association of Rare Earth the guide:Shanghai Development and Application Office of Rare Earth the organizer:Shanghai rare earth industry promotion center