Increased Production and Sales
NdPr production increased to 2,969 tonnes, and sales volume rose to 3,178 tonnes, reflecting both increased production and inventory.
Successful Expansion at Mount Weld
Mount Weld expansion is tracking on budget with new circuits enhancing capacity and efficiency, including a fourfold increase in mill throughput.
Safety Achievements
The company recorded 1 million hours LTI-free on the Mount Weld expansion project and 1.2 million hours LTI-free in Lynas Malaysia.
Improved Ore Reserves
New drilling and assessment at Mount Weld delivered an ore reserve with more than a 20-year life, including 12,000 tonnes of contained dysprosium oxide.
Market Recovery Signs
There are early signs of market recovery with NdPr prices improving by $5 per kilo following new draft regulations in China.