THE US Department of Defense has more than doubled the funds allocated to Lynas Rare Earths for construction of the heavy rare earths element of its rare earths processing facility in Texas, from an initial US$120 million announced in June 2022 to $258 million.
Lynas to build plant in Seadrift, Texas
Lynas signed a follow on contract with the DoD for construction of the HRE plant, with the updated contract following detailed design work and cost updates done since the original design was released. ...
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