Lynas will withhold some supply from the global rare earths supply chain.
Amanda Lacaze said there will be ‘an inevitable uptick in the market’.
Lynas is the world’s biggest supplier of rare earths outside of China.
Lynas Rare Earths will withhold a portion of supply from the market in response to a plunge in prices for the key ingredient in wind turbines, electronics and military applications.
The world’s biggest supplier of rare earths outside of China said the lower prices were linked to softer demand for permanent magnets in Japan, and to oversupply in rival producer, China.
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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
