Racking up the company dime at the annual Diggers & Dealers Mining Forum in Kalgoorlie this week, *’s own mining boffin Reuben Adams has sunk in some intriguing sentiment from the rare earths circuit.
Reubs says Lynas (ASX:LYC) is running the ruler over acquisitions, including ionic clay projects, to enhance flagship hard rock operations at Mt Weld in WA.
The ionic clay deposits, while very low grade, typically have more of the heavies, which are used in the production of high-performance permanent magnets.
Rare earth permanent magnets are a crucial component in wind turbines and in the drive train of hybrid and electric vehicles.
Finding a complementary clay deposit for the light-dominant Mt Weld “is certainly what we are looking at”, LYC boss Amanda Lacaze told our * Reuben at the forum.********DYOR please
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