Australia's Lynas to invest $345.5 million to boost production, establish processing plant
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(Reuters) - Rare earths producer Lynas Corp said on Tuesday it plans on spending A$500 million ($345.50 million) by 2025 to boost production and establish an initial processing facility in Western Australia, among others.
Lynas, the world's only major producer of rare earths outside China, said it also plans to invest in increased processing facility in Malaysia.
(Reporting by Aditya Soni in Bengaluru; Editing by Leslie Adler)
