Malaysia Rare Earth Refinery Gets Set to Meet Demand

Sydney Morning Herald reported that a new rare earth refinery in Malaysia is on target to address the world’s demand for rare earths.

As quoted in the market news:

Lynas plans to mine ore from the Australian desert and concentrate it there, removing dirt but leaving the radioactive contaminants still chemically bound to the rare earth metals. The concentrated ore will then be shipped to Kuantan and the rare earth metals will be separated from the radioactive material by using powerful acids at high temperatures.

Click here to read the full Sydney Morning Herald report.