$Lynas Corp. Ltd.(LYSCF)$Rare

2021-03-03

$Lynas Corp. Ltd.(LYSCF)$Rare earths production in Australia has been rising steadily for the last few years. In 2019, its output came in at 21,000 MT, the same level as in 2018.

The country holds the sixth largest-known rare earths reserves in the world, and is poised to increase its output. Australia-based Lynas (ASX:LYC,OTC Pink:LYSCF) operates the Mount Weld mine and concentration plant in the country, and it recently announced plans to boost production to 10,500 tonnes per year of neodymium-praseodymium products by 2025

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