May 20, 2019 / 10:59 PM / in 3 months

Australia's Lynas to invest $345.5 mln to boost production, establish processing plant

May 21 (Reuters) - Rare earths producer Lynas Corp said on Tuesday it plans on spending A$500 million ($345.50 million) by 2025 to boost production and establish an initial processing facility in Western Australia, among others.

Lynas, the world’s only major producer of rare earths outside China, said it also plans to invest in increased processing facility in Malaysia.

$1 = 1.4472 Australian dollars Reporting by Aditya Soni in Bengaluru Editing by Leslie Adler

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below