Latest news with #LynasLYC
Wall Street Journal
28-04-2025
- Business
- Wall Street Journal
Lynas Asks U.S. to Pick Up Tab as Rare-Earths Project Costs Rise
The chief executive of Lynas LYC 3.26%increase; green up pointing triangle Rare Earths says now is the time to reset the rare-earths market, as a trade war derails a China-dominated supply chain for the critical minerals. But Amanda Lacaze won't bet Lynas's own balance sheet on a Texas project intended to revitalize America's domestic supply, she cautions, as the costs to build the project rise. Lacaze said Lynas is in talks with the U.S. government over additional costs the company faces to build a rare-earth processing facility in Seadrift, Texas, intended to secure supplies of materials the U.S. needs for F-35 jet fighters, missile-guidance systems, Predator drones and nuclear submarines.
Wall Street Journal
28-04-2025
- Business
- Wall Street Journal
Lynas in New Sales Agreements Talks as Tariffs Arrest U.S.-China Rare-Earths Trade
Lynas LYC 2.17%increase; green up pointing triangle Rare Earths said it is in talks with customers to develop new sales agreements as a U.S.-China trade war derails the flow of rare-earth materials between the world's two biggest economies. The company, which runs operations in Australia and Malaysia, said recent policy changes have affected trading in the China-dominated market for rare earths, critical minerals needed for everything from smartphones to jet fighters. China is responsible for around 85% of the world's rare-earth refining.
