Australia’s Lynas partners South Korea’s JS Link for Malaysian magnet factory

Australian rare-earths producer Lynas Rare Earths has partnered with South Korea's JS Link to establish a magnet factory in Kuantan, Malaysia. This agreement, announced on Tuesday, builds on a magnet manufacturing deal between the two companies last year. Under the new partnership, JS Link will build the Malaysian factory, which will have an operating capacity of 3,000 tonnes per annum of neodymium-iron-boron permanent sintered magnets. Lynas will supply materials to both JS Link's existing South Korean factory and the planned Malaysian facility until January 2038.