Lynas says China's export curbs pushing up costs of Malaysia expansion

CommoditiesAustralian rare earth producer raises cost outlook for new facility by $80mLynas reported a higher average selling price of its rare earth products in the three months through June, a quarter that its interim CEO described as challenging. © Getty ImagesSHAUN TURTONJuly 22, 2026 14:08 JSTCANBERRA -- Australian miner Lynas has raised the expected cost of its new heavy rare earth facility in Malaysia by nearly $80 million, due in part to China's curbs on selling equipment to foreign producers of the essential materials.