Lynas Addressing Drop in Rare Earth Prices with Cost Cutting Measures

Mining Weekly reported that Lynas is undertaking aggressive cost cutting measure to remain competitive as rare earth prices weaken.

As quoted in the Mining Weekly report:

The miner said that it was also optimising production at the Phase 1 capacity of its Lynas Advanced Materials Plant (Lamp) in Malaysia, which has a nominal capacity of 11 000 t/y of rare-earth oxides.

To view the whole Mining Weekly report, click here.