Lynas Rare Earths Ltd (ASX:LYC, OTC:LYSDY) has confirmed that they’ve achieved first production of Terbium Oxide (TB) at their advanced materials plant in Malaysia. This is the second separated heavy rare earths oxide to be produced here, following first production of Dysprosium Oxide (Dy) in May this year.
Commenting on this milestone, Amanda Lacaze, CEO and Managing Director of Lynas Rare Earths noted, “Lynas is delighted to have achieved first production of Terbium Oxide at the Lynas Malaysia advanced materials plant. Together with Dysprosium Oxide, which was first produced on our new Heavy Rare Earths production line in May, Lynas can now supply customers with the two Heavy Rare Earths required for rare earth permanent magnets used in electric motors. “The feedstock for both of these products is sourced from Lynas’ world class Mt Weld rare earths deposit in Western Australia, which is recognised as a source of both Light and Heavy Rare Earth minerals. The production of Dy and Tb at Lynas Malaysia provides manufacturers with an opportunity to increase the resilience of their supply chains and we are positively engaged with a range of customers regarding commercial supply arrangements,”
