US military funding for Lynas heavy rare earth facility back on track
Published: Monday, 27 July 2020
Australian rare earth miner Lynas Corp has secured funding from the US government to build a processing plant, in a bid to secure a non-Chinese supply chain for key minerals used in electric vehicles (EVs) and generators.
Lynas signed a contract with the US
Department of Defense to build the heavy rare earth separation
facility in the United States to process material from
Lynas’ mine in Western Australia, the miner said
on Monday July 27.