Overview
Description
Lynas Rare Earths Ltd. operates as a miner and processor of rare earth materials, which are critical components in numerous high-tech and sustainable applications. Headquartered in Malaysia, Lynas focuses on the production of key rare earth elements, including neodymium and praseodymium, which are essential for the manufacturing of powerful magnets used in electric vehicles, wind turbines, and various electronics. As the company mines and processes these elements, it plays a vital role in the supply chain for clean energy technologies and advanced electronics industries.
Lynas Rare Earths is strategically significant within the global market due to the scarce nature of rare earths and their crucial application in burgeoning green technologies. By bridging the gap between rare earth resources and high-demand tech industries, Lynas supports the transition towards sustainable energy solutions. Its operations thus stand as an important element in reducing the global rare earth dependency on China, which dominates the supply chain. Lynas's contribution to the rare earth market not only supports technological advancement but also enhances market diversity and resilience in an era of growing environmental consciousness.
About
CEO
Ms. Amanda M. Lacaze ATCL, B.A., M.A.I.C.D.
Employees
0
Address
1 Howard Street
Level 4
Perth, 6000, WA
Australia
Level 4
Perth, 6000, WA
Australia
Phone
61 8 6241 3800
Website
Instrument type
American depositary receipt
Sector
Basic Materials
Industry
Other Industrial Metals & Mining
Country
Germany
MIC code
XMUN