Which industries will the new magnets produced in Malaysia supply?

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The new magnets produced in Malaysia are intended for automotive, wind energy, and electronics supply chains
Lynas said the permanent magnet factory in eastern Malaysia is expected to produce 3,000 tonnes of magnets annually using neodymium, with iron and boron. These magnets are intended to supply manufacturing supply chains for automotive, wind energy, and electronics, including in South Korea and Malaysia.
Automotive manufacturing supply chains
The magnets are explicitly described as intended to supply the automotive manufacturing supply chain. Lynas linked the Malaysian magnet production to downstream manufacturing through its partnership with South Korea’s JS Link.
Wind energy manufacturing supply chains
Lynas also stated the magnets are intended to supply wind energy manufacturing supply chains. The plan is tied to the use of rare earth materials, including neodymium, in the magnet production process.
Electronics manufacturing supply chains
In addition to automotive and wind energy, the magnets are intended for electronics manufacturing supply chains. Lynas said the magnets are meant for customers across key markets, naming South Korea and Malaysia.
Target markets include South Korea and Malaysia
Lynas said the intended supply includes South Korea and Malaysia, along with other key markets. The agreement covers Lynas supplying rare earth materials to the Malaysian plant and to JS Link’s facility in Yesan, South Korea, under an arrangement running until January 2038.

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Which industries will the new magnets produced in Malaysia supply?

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