Overseas media reported last night (May 18th evening): "Australian Lynas Rare Earths announced that the company has become the first commercial producer of heavy rare earths outside of China."
[Clever] A few comments: Although this news is certainly worth paying attention to, there is no need to be overly nervous. Lynas's current production of dysprosium oxide in Malaysia has not yet released specific figures, so its capacity remains uncertain and whether it can truly shake our market position still needs further verification. It should be noted that we produced 300,000 tons of neodymium iron boron magnets in 2022, ranking first in global share. By comparison, Lynas's output may just be a drop in the bucket. In addition, our advantage is not only reflected in production volume but also in technology and cost. The threshold for rare earth separation technology is extremely high, and we have been deeply involved in this field for decades. In December 2023, we banned the export of rare earth extraction and separation technologies. Although Lynas has made certain progress, whether it can achieve a balance between cost and quality remains to be seen.
Original article: https://www.toutiao.com/article/1832499939841032/
Disclaimer: This article represents the author's personal views.