Ann: Results of Meeting, page-44

Lynas shutdown highlights need to diversify rare earths supply chain
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The writing is on the walls to diversify rare earth supply
Lynas Corporation’s (ASX:LYC) decision to temporarily cease production at its Malaysian processing plant after the government introduced tighter movement controls to limit the spread of COVID-19 has highlighted the fragility of the rare earths supply chain.

The world’s largest rare earths producer outside of China noted that its Mt Weld mine would continue to operate and that the plant retained in-progress inventory for a quick restart.

Rare earths are a basket of minerals that are crucial to the manufacture of high-tech products. They include neodymium and praseodymium, which are in strong demand for the manufacture of permanent magnets that are essential for electric motors and wind power generators.







Red Mountain Mining (ASX:RMX) has kicked off an assessment of all available geophysical data at its Mt Mansbridge heavy rare earths project in the Kimberley region of Western Australia.

The project is one of the few Australian projects prospective for xenotime, a rare earth mineral that hosts the heavy rare earths dysprosium and terbium.

Red Mountain will combine the numerous geophysical datasets undertaken by previous explorers and reprocess them into a single image to define targets for drilling at Mt Mansbridge.