Australian rare-earth mining firm Lynas announced on 20 May that it would be expanding into the US market through a joint venture (JV) with Texas-based Blue Line.
Under the new JV, the two companies will establish a rare-earths separation facility at Blue Line’s facility in Hondo, Texas. The facility will initially work on Heavy Rare-Earths separation – including Dysprosium and Terbium – but may include Light Rare-Earths separation including Neodymium, Praseodymium, and Lanthanum. Lynas will hold the majority stake in the venture, although the overall holding was not disclosed.
According to a release by the companies, the facility will be the only large-scale producer of separated medium and heavy rare earths outside China.
Want to read more? For analysis on this article and access to all our insight content, please enquire about our subscription options at ihsmarkit.com/janes