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Lynas CEO says company is eyeing rare earths buys in Malaysia, Brazil
Lynas CEO says company is eyeing rare earths buys in Malaysia, Brazil

Yahoo

time3 days ago

  • Business
  • Yahoo

Lynas CEO says company is eyeing rare earths buys in Malaysia, Brazil

SYDNEY (Reuters) - Lynas Rare Earths is eyeing potential purchases of rare earths deposits in Malaysia and Brazil and plans to work with early-stage developers to help bring their mines online, its CEO Amanda Lacaze said on Wednesday. The world's largest rare earths producer outside of China is considering fresh growth options given macroeconomic uncertainties, she said at the Macquarie Australia Conference in Sydney. Malaysia, where Lynas has processing operations, has a lot of the same geology that is present through much of Southeast Asia, such as Myanmar, she said. Myanmar is a significant supplier to China's rare earths industry. "Yes there are deposits there, yes there are deposits in Brazil. Yes we are looking at them," Lacaze said. On Malaysian sites, Lacaze said that any development would have to come with high environmental and sustainability standards and that Lynas was open to working alongside the companies to "put our script to work". "Would we like to see them developed? Yes. Will we facilitate that development? Yes," she said. In Australia, where Lynas' Mt Weld deposit is located, an election at the weekend has returned to power the Labor government which had put out a policy to stockpile critical minerals such as rare earths. That is an "uneconomic" policy, Lacaze said. "You need to focus on developing a strong and successful business, and one which relies upon government funding to construct and then government funding to produce is probably by definition uneconomic," she added. U.S. President Donald Trump's administration has put a focus on developing rare earths deposits, having last week signed a deal with Ukraine for supply. Rare earths are used in industrial magnets and in some defence applications. But new supplies are difficult to develop and can take many years, Lacaze said. "I sometimes want to take an ad out in the Washington Post saying, 'Want Rare Earths? Call 1800 Lynas," she said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Lynas, Kelantan Ink MoU For Mixed Rare Earths Carbonate Supply
Lynas, Kelantan Ink MoU For Mixed Rare Earths Carbonate Supply

Barnama

time3 days ago

  • Business
  • Barnama

Lynas, Kelantan Ink MoU For Mixed Rare Earths Carbonate Supply

KUANTAN, May 30 (Bernama) – Lynas Rare Earths Ltd and the Kelantan state government's investment arm, Menteri Besar Incorporated (MB Inc), have signed a memorandum of understanding (MoU) for the supply of mixed rare earths carbonate (MREC). In a statement today, Lynas said the MoU is non-binding and remains subject to the negotiation and finalisation of definitive agreements. It said the memorandum outlines a framework for both parties to strengthen, promote and develop cooperation to advance the Malaysian rare earths industry in Kelantan. 'It also provides a basis for MB Inc and Lynas to negotiate a definitive agreement for the supply of MREC feedstock to the Lynas Malaysia Advanced Materials Plant in Kuantan once the project commences production,' it added. Lynas Rare Earths chief executive officer and managing director Amanda Lacaze said Malaysia is already recognised as a rare earths centre of excellence through Lynas' operations, and the MoU marks a significant step towards developing locally sourced and separated rare earth products. 'Lynas is delighted to sign this MoU with the Kelantan state government's MB Inc. This is a significant step for Lynas and the Malaysian rare earths industry, bringing together Lynas Malaysia's over a decade of rare earths industry expertise and Kelantan state's rare earth resources,' she said. Lacaze noted that Malaysia's ionic clay deposits have strong potential as future feedstock for Lynas Malaysia, particularly due to the high concentration of heavy rare earths, which are in demand for advanced technologies such as electric vehicles and electronics. 'We look forward to working closely with MB Inc to ensure that the MREC produced meets the high environmental and technical standards required by Lynas and our customers across Malaysian and global manufacturing supply chains,' she added. -- BERNAMA

Lynas, Kelantan ink MoU for mixed rare earths carbonate supply
Lynas, Kelantan ink MoU for mixed rare earths carbonate supply

The Star

time3 days ago

  • Business
  • The Star

Lynas, Kelantan ink MoU for mixed rare earths carbonate supply

KUANTAN: Lynas Rare Earths Ltd and the Kelantan state government's investment arm, Menteri Besar Incorporated (MB Inc), have signed a memorandum of understanding (MoU) for the supply of mixed rare earths carbonate (MREC). In a statement today, Lynas said the MoU is non-binding and remains subject to the negotiation and finalisation of definitive agreements. It said the memorandum outlines a framework for both parties to strengthen, promote and develop cooperation to advance the Malaysian rare earths industry in Kelantan. "It also provides a basis for MB Inc and Lynas to negotiate a definitive agreement for the supply of MREC feedstock to the Lynas Malaysia Advanced Materials Plant in Kuantan once the project commences production,' it added. Lynas Rare Earths chief executive officer and managing director Amanda Lacaze said Malaysia is already recognised as a rare earths centre of excellence through Lynas' operations, and the MoU marks a significant step towards developing locally sourced and separated rare earth products. "Lynas is delighted to sign this MoU with the Kelantan state government's MB Inc. This is a significant step for Lynas and the Malaysian rare earths industry, bringing together Lynas Malaysia's over a decade of rare earths industry expertise and Kelantan state's rare earth resources,' she said. Lacaze noted that Malaysia's ionic clay deposits have strong potential as future feedstock for Lynas Malaysia, particularly due to the high concentration of heavy rare earths, which are in demand for advanced technologies such as electric vehicles and electronics. "We look forward to working closely with MB Inc to ensure that the MREC produced meets the high environmental and technical standards required by Lynas and our customers across Malaysian and global manufacturing supply chains,' she added. - Bernama

The Independents Acquires Terminal 9 Studios
The Independents Acquires Terminal 9 Studios

Business of Fashion

time14-05-2025

  • Business
  • Business of Fashion

The Independents Acquires Terminal 9 Studios

Fashion public relations conglomerate The Independents announced Wednesday that it acquired Paris-based documentary production company Terminal 9 Studios, a move meant to expand the group's content and entertainment capabilities. Founded by Claude Lacaze in 2013, Terminal 9 Studios specialises in long-form storytelling for luxury brands; it has worked with clients including Dior and Mugler. The previously independent production company's flagship series, 'Inside the Dream,' follows the design processes of Lucia Silvestri, creative director of high jewellery at Bulgari, and is available on Prime Video. Under The Independents' ownership, Terminal 9 Studios hopes to expand its collaborations with partners across the fashion PR giant, with Lacaze remaining as chief executive. 'Long-form documentaries offer an opportunity to explore brand narratives in a more nuanced and emotionally resonant way,' Lacaze said in a statement. 'With The Independents, we're excited to deliver a fully integrated approach — connecting powerful storytelling with strategic amplification across communications and experiences, in collaboration with our partners across the group.' Terminal 9 Studios is The Independents' latest acquisition in a fast-growing portfolio of 19 global agencies, including PR firm Karlo Otto, creative agencies Kitten Production and Bureau Béatrice and design studio 2x4. Just last week, it announced it was backing PR firm Lucien Pagès' joint venture with AIPR. In March, the Banijay Group- and Towerbrook Capital Partners-backed PR giant launched an incubator programme to support emerging talent, entrepreneurs and creative agencies. ADVERTISEMENT Learn more: Why Fashion's Biggest PR Firms Keep Getting Bigger With the news that The Independents is adding another firm, Ctzar, to its roster, BoF breaks down the factors driving consolidation in the space, and what it means for the industry.

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