Lynas CEO Calls for Learning Rare Earths Industry Development from China

Amanda Lacaze, chief executive of Australia's largest rare earths company, Lynas Corp, delivered a speech at the critical minerals conference at the Perth USAsia Centre on Tuesday, criticizing manufacturers outside China for the pursuit of cheap materials and result in a twisted market.

At present, more than 80 percent of the global supply of rare earths comes from China, and Chinese control over the supply chain is also growing more and more stronger.

samples of rare earth minerals image

Lynas CEO Amanda Lacaze said that Chinese dominant position in the supply chain comes from the joint efforts of its government and industry. By contrast, the supply chain in other parts of the world is “fragmented” and points to the manufacturers of Europe and the United States, these manufacturers put their businesses at risk for the sake of cheaper materials.

She said: "For thirty years, manufacturers outside China, especially in Europe and the United States complicit in supporting a strategy that has delivered a concentrated and at times distorted market, which can ultimately threaten their businesses." Ms. Lacaze added: "With government policy targeted at delivering significant value to the Chinese economy and jobs in the high employment downstream steps, the country has executed an integrated strategy with discipline and much success."

Amanda Lacaze has placed part of the blame over rare earths supply on manufacturers image

Ms. Lakaz said that countries such as Australia and the United States can learn from China, how the government can support the rare earths industry, support some large enterprises, and insourced technology to achieve success. She called on the US and Australian governments to provide a stable operating environment and implement policies that support industry development.

Steven Fortier, director of the United States Geological Survey National Minerals Information Center, said that if a certain mineral was concentrated in one country, it always posed risks. Heavy rare earths separation and metal alloy production should be a priority for governments.

The report of a University of Sydney US Studies Centre was released on Wednesday, said it would not be in Chinese interests to impose an embargo on rare earths, because the last time China banned the rare-earth elements, there were alternatives on the market, the result would be the stimulation of competitive rare metals production and substitution. If Austrian and US government would like to help the rare-earth industries like what Amanda Lacaze of Lynas calls for, it would stimulate the industrial development in the country.

 

 

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