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Lynas Asks U.S. to Pick Up Tab as Rare-Earths Project Costs Rise

Lynas Asks U.S. to Pick Up Tab as Rare-Earths Project Costs Rise

The chief executive of Lynas LYC 3.26%increase; green up pointing triangle Rare Earths says now is the time to reset the rare-earths market, as a trade war derails a China-dominated supply chain for the critical minerals. But Amanda Lacaze won't bet Lynas's own balance sheet on a Texas project intended to revitalize America's domestic supply, she cautions, as the costs to build the project rise.
Lacaze said Lynas is in talks with the U.S. government over additional costs the company faces to build a rare-earth processing facility in Seadrift, Texas, intended to secure supplies of materials the U.S. needs for F-35 jet fighters, missile-guidance systems, Predator drones and nuclear submarines.
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