1. Lynas Rare Earths（莱纳斯稀土）
Australian rare earth mining giant, the largest rare earth separation producer outside of China.
- Overview: Established in 1983 in Perth, Western Australia (ASX: LYC), originally a gold mining company, transformed into rare earths in 2001.
- Core Assets
- Mt Weld Mine: A globally high-grade rare earth mine located in Western Australia.
- Kuantan Plant, Malaysia: The largest single rare earth separation plant in the world.
- Texas Plant, USA: Under construction for light/heavy rare earth processing plant.
- Status: Approximately 12% of global rare earth supply, the only commercial heavy rare earth separation enterprise outside of China (Dysprosium, Terbium).
- Products: Neodymium-Praseodymium (NdPr, permanent magnets for electric vehicles/wind power), Lanthanum, Cerium, heavy rare earth oxides.
- Strategy: A key pillar of the Western “de-China” rare earth supply chain.
2. LS Cable & System（LS电缆系统）
Korea's leading cable and industrial materials group, the third largest cable company in the world.
- Overview: Established in 1962 (formerly LG Cable), became independent as the core of LS Group in 2005, headquartered in Anyang, Seoul.
- Business
- Power Cables: Ultra-high voltage, submarine, HVDC cables.
- Communication Cables: Fiber optics, data center wiring.
- Special Materials: Industrial materials, rare earth magnetic material-related components.
- Scale: Acquired Superior Essex in the USA in 2008 for global expansion; a leader in Korea's power distribution and transmission.
- Cooperation Motivation: Layout upstream rare earths to ensure the safety of high-end manufacturing materials for permanent magnets, new energy vehicles, wind power, etc.
Significance of Cooperation
- Lynas: Provides mineral sources + separation technology.
- LS Cable: Provides funding, downstream applications, and channels in Korea/Southeast Asia.
- Factory in Vietnam: Building a second rare earth industry chain “outside of China” to serve the high-tech and new energy needs of the USA, Japan, South Korea, and Europe.
