‘…. Key takeaways Production ramp up saw neodymium praseodymium...

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Key takeaways
Production ramp up saw neodymium praseodymium (NdPr) production double to approximately 9 ktpa, no slow down despite weaker market pricing
Mt Weld plant expansion is progressing with dewatering processing to be completed by mid-2024
Output from the Mixed Rare Earth Carbonate (MREC) facility at Kalgoorlie will reach the expanded Lynas Advanced Materials Plant (LAMP) in Malaysia in the June quarter (later than planned due to electrical power issues)
Environmental approvals received for US refinery in Texas with construction expected to commence by the end 2024, commissioning planned in FY26
Company Commentary
Despite current weak pricing for NdPr, management reminds investors Lynas continues to be a low-cost producer and would remain profitable at even lower prices
The market for rare earths should rebalance in the medium term as demand from EVs increases, as well a general recovery in industrial activity including a modest improvement in China
Management is considering all M&A opportunities, including explorers, developers and producers…..’