Lynas produces separated rare earth oxides and then they are sold to magnet makers (and others), so it's just part of the supply chain. The article below looks at Lynas from an interesting perspective, comparing it with other companies in the supply chain. It is from March this year, so apologies if it has already been discussed. I'd be interested to hear any comments, especially from Ausheds.
https://tacticalresources.com/investor-intel-jack-lifton-on-rare-earth-supply-chains-and-value-chains/
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