KUANTAN: Lynas is planning for either a temporary shutdown of its Malaysian operation or a period of very low production if licence conditions prohibiting the import and processing of lanthanide concentrate remain on July 1.
In its latest quarterly report, the rare earth materials producer said it had been planning for multiple scenarios if the Lynas Malaysia cracking and leaching plant closes or remains operational, and the ramp up speed of the Kalgoorlie facility in Western Australia.
"The rate of supply of MREC to the Lynas Malaysia plant will depend on the speed of ramp up of the Kalgoorlie facility. It added that if cracking and leaching in Lynas Malaysia is required to shut down from July 1, this will be followed by lower sales, consistent with ramp up rates in the first half of the 2024 financial year.
Lynas said in its quarterly report that those conditions were a significant variation from the conditions under which Lynas invested in Malaysia.
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