Lynas Rare Earths (LYC) Rare Earths Industry Association Conference presentation summary

Sustainable industry principles

• Focus on profitable operations, sustainable balance sheets, and price predictability.

• Emphasis on responsible production validated by external ESG standards.

• Commitment to environmental protection, water conservation, and waste minimization.

• Support for resilient, multi-geography supply chains and capable producers at each stage.

• Aim to be an attractive industry for diverse talent and to positively impact people and communities.

Market trends and supply chain dynamics

• Demand growth for rare earths has not been matched by price growth, with prices remaining subdued.

• The industry remains geographically concentrated, with China dominating production and technology.

• Outside China, progress is limited; only one commercial supplier of separated materials exists.

• Governments are investing in domestic supply chains and critical minerals strategies.

• Post-pandemic, there is increased focus on supply chain resilience and sustainability.

Investment, expansion, and technology

• Significant capital investment in facility expansions, including Mt Weld and Kalgoorlie in Australia.

• New processing and separation facilities planned in the US, with targeted increases in NdPr and HRE output.

• Ongoing R&D partnerships with universities and global energy sector players to develop clean energy technologies.

• $8.5 million invested in R&D and $600k in community initiatives in FY23.