Lynas
Lynas Rare Earths, Ltd. is an Australian rare-earths mining company with two major operations: a mining and concentration plant at Mount Weld in Western Australia, and the Lynas Advanced Materials Plant (LAMP) in Kuantan, Malaysia. The company was founded in the 1990s and is headquartered in Perth, Western Australia. the LAMP is the only major rare-earth processing plant outside of China. The project produces radioactive waste, and has met with resistance from local communities. Lynas is listed on the Australian Securities Exchange as a S&P/ASX 200 company. Background Rare earth elements are critical minerals used in the defense industry and for electronics. China controls 80% of global rare earth production. The Lynas Advanced Materials Plant is the largest rare earth production facility outside of China. History The company was founded in 1983 as Yilgangi Gold NL. The company took on the Lynas Gold N.L. name in 1985.[1] It became publicly listed in 1986 on the ASX. In 2001, it sold off its gold division and focused on rare earths.[1] Lynas was founded by the Sumich family of Perth, Western Australia. Perth based mining identity, Mr Les Emery was appointed its first CEO and Managing Director in 1986, remaining with Lynas