Lynas Rare Earths Advances Defense Role With New Samarium Oxide Output [Yahoo! Finance]
LYNAS RARE EARTHS S/ADR (LYSDY)
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Source: Yahoo! Finance
Lynas Rare Earths (ASX:LYC) has produced its first samarium oxide at its Malaysian facility ahead of schedule. The company is now the only commercial producer of samarium oxide outside China. Samarium oxide is used in advanced defense technologies, including components for F-35 jet fighters. The milestone adds to Lynas' existing production of terbium and dysprosium and forms part of its "Towards 2030" growth plan. Lynas Rare Earths (ASX:LYC) operates across the rare earths value chain, from mining to processing, with facilities serving industrial and defense customers. The new samarium oxide output extends its range of heavy rare earth products alongside terbium and dysprosium, materials that sit at the center of government backed efforts to secure critical mineral supply. These efforts have been supported by recent long term supply agreements with the U.S. and Japan. For investors tracking supply chain diversification away from China, Lynas' move into samarium oxide produc
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- Yahoo Finance [Yahoo! Finance]Yahoo! Finance