Lynas CEO on joining the billion dollar market cap club
Amanda Lacaze, CEO and Managing Director of Lynas Corporation (ASX: LYC) (“Lynas”), the second largest producer of neodymium and praseodymium (NdPr) in the world, in an interview with InvestorIntel CEO Tracy Weslosky discuss Lynas joining the billion dollar market cap club. In the interview, Amanda discusses their recent record setting quarterly results for sales, cashflow and production of rare earths. She goes on to add how over the last 3 years, Lynas has progressively been improving their production results and are now performing at about 110% nameplate capacity, with a run rate of 500 tons of NdPr per month…to access the complete interview, click here
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An accomplished entrepreneur Tracy Weslosky is the CEO for InvestorIntel Corp., a company that publishes InvestorIntel.com, a trusted source of online market information for investors ... <Read more about Tracy Weslosky>
Comments
Great interview Tracy… and what exciting news for Lynas – congrats on breaking into the billion dollar market cap on the ASX!
500t Nd / Pr = 110% name plate ? What is the nameplate capacity of this plant ? The original plan was to build it in 2 stages of 11ktpa of TREO but they built stage 2 kilns to assist with materials handling issues. is it therefore an 11ktpa or 22ktpa plant?
In any case – a good Job Amanda well done to you and your team.
500t NdPr per month = 6000tpa
22kt/4.25 (NdPr 23.5%) = 5176tpa
Actually 116% nameplate.
Each 11ktpa module constructed with two kilns, the LAMP still has four kilns.
With the proposed expansion of another 1200tpa NdPr costed at just $35M highly likely the LAMP will remain with four kilns, for the immediate future.
The most important aspect of the LAMP expansion is that it is non-Chinese market driven. 6000 tons of NdPr allows the production of 20,000 tons of rare earth permanent magnets. This is 13% of the world total of such magnets produced in the last year. It’s also the total non Chinese production of such magnets. If non Chinese manufacturing of rare earth permanent magnets is to grow Lynas ( and Northern Minerals (DyTb) and Serra Verde (NdPr, DyTb) ) must expand production to secure a supply of critical materials for the non Chinese magnet industry. Lynas’ expansion bodes well for the future viability of the non Chinese rare earth permanent magnets industry.