Lynas Corporation Limited, an Australian Corporation and Blue Line Corporation, a Texas Corporation, signed an MOU for a joint venture to develop rare earths separation capacity in the United States.
Lynas is the largest producer of rare earth materials outside of China and has
captured a significant percentage of rare earth materials produced world-wide. Lynas has expertise in extraction, separation and mining at its mine in Western Australia and separation facilities in Malaysia. Blue Line Corporation is a US processor of Rare Earth products.
Rare earths separation capacity has been absent from the US for several years, and the Lynas/Blue Line joint venture aims to fill this gap in the United States supply chain.
The Lynas/Blue Line JV will help ensure that US companies have continued access to Rare Earth products by providing a US-based source. The partners say that their JV would be the only large-scale producer of separated medium and heavy rare earth products in the world, outside of China.
Key uses of Rare Earths materials include permanent magnets, catalytic convertors, catalysts, batteries, electronics, polishing powders, and water treatment chemicals. Key end use sectors include:
Automotive: Internal combustion vehicles, hybrid and electric vehicles
Electronics and Appliances
Automation and Defence systems
Oil & Gas refining
Lynas and Blue Line will work together exclusively over the next year on the proposed development of a Rare Earths separation facility at the Blue Line site in Hondo, Texas. Initially, the JV will focus on heavy rare earths separation (including Dysprosium and Terbium), however, it may also include light rare earths separation (including Neodymium, Praseodymium and Lanthanum). The JV will be majority owned by Lynas.