Magnet madness
Lynas boss Amanda Lacaze said on a conference call the company remains focused on growing ‘at least as fast as the market’.Despite China’s internally combusting economy, Lynas expects demand for NdFeB permanent magnets to double in scale from 130,000t in 2020 to 265,000t in 2030.Most of Lynas’ production is sold outside the Chinese market, making it one of the few sources of rare earths outside the manufacturing powerhouse.“I think China continues to be unpredictable for as long as the zero-COVID policy persists, but generally speaking, demand is strong and we’re not expecting to see any reduction in demand growth,” Lacaze said.
Magnet madnessLynas boss Amanda Lacaze said on a conference call...
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