What annual magnet output will Lynas and JS Link target?

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Lynas and JS Link Aim for 3,000 Tonnes of Annual Magnet Production

Lynas, in partnership with South Korea's JS Link, plans to establish a new permanent magnet factory in Malaysia with an annual production target of 3,000 tonnes. This facility will utilise neodymium, iron, and boron to create magnets destined for critical manufacturing sectors. The investment underscores a strategy to integrate Lynas's rare earth material supply with downstream industrial applications.
New Magnet Factory to Produce 3,000 Tonnes Annually

The proposed factory, situated near Lynas's existing rare earths processing plant in Kuantan, is designed to achieve a significant output volume. Specifically, the facility's operational goal is to produce 3,000 tonnes of permanent magnets each year. These magnets will be manufactured using neodymium, a key rare earth element, alongside iron and boron.
Supplying Key Manufacturing Supply Chains

The magnets produced at the new facility are intended to serve as crucial components within several major global supply chains. These include the automotive industry, which increasingly relies on magnets for electric vehicles, as well as the burgeoning wind energy sector and the diverse electronics manufacturing landscape. The output aims to bolster supply capabilities for these industries, including those in South Korea and Malaysia, and other international markets.
Strategic Partnership and Material Supply

This venture represents a strategic collaboration where Lynas will not only invest approximately US$35 million in the Malaysian plant but also act as a key supplier of rare earth materials. Under an exclusive commercial arrangement extending until January 2038, Lynas will provide raw materials to both the new Malaysian facility and JS Link's plant located in Yesan, South Korea. This integrated approach ensures a consistent flow of essential components for magnet production.
Job Creation and Broader Rare Earth Landscape

Beyond its production capacity, the project is anticipated to generate approximately 400 new employment opportunities in the region. Lynas's operations in Gebeng, established in 2012, already supply materials for a wide array of products, from electric vehicles to mobile phones. This new factory further solidifies Malaysia's position as a potential hub for rare earth processing and manufacturing, amidst growing global demand and increasing interest from other international firms considering operations within the country.

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What annual magnet output will Lynas and JS Link target?

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