Rare earths producer Lynas (ASX: LYC) today announced an approximately $500M project to expand capacity at the Mt Weld mine and concentration plant to meet accelerating market demand for rare earth materials. According to the company's statement, the Lynas' 2025 growth plan targeted a 50% increase in NdPr production to 10,500 tonnes per annum by 2025, including significant development of the Mt Weld ore body and beneficiation circuit. "To meet Lynas' ambition to grow with the market, this previously announced growth plan must be accelerated and increased," the company said. Lynas noted that the initial expansion ... (full story)