News: Lynas to cut costs , page-3

The cracking and leaching unit of the Lynas Advanced Material Plant in Malaysia (LAMP) has achieved 100% of its 11,000 tpa Phase 1 nameplate production capacity.

Ongoing rates of production in the separation and product finishing units will be determined according to the rate of product approval by customers, and by market demand.

.....

Nevertheless, the current Rare Earths market remains subdued. Prices this calendar year have continued to fall, although there are now emerging signs of stabilisation in some categories.

In response to this macro environment, Lynas has implemented a program to reduce operating costs and expenditure and is optimising production at the Phase 1 capacity level. Lynas intends to continue operating at this level until higher market prices are reached.