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Lynas Rare Earths Hires Its Own Boat After Shipping Times Double

  • Shipping disruptions are in some cases getting worse: Lynas
  • Transit time for shipping its concentrate doubled last year

Lynas Rare Earths Ltd., one of the few suppliers of the critical minerals outside China, said global shipping disruptions are getting no better, after chartering its own vessel to avoid delays for customers.

“Shipping delays and disruptions continue around the world and in some cases are getting worse,” the company said in its quarterly production report on Wednesday. Rare earths are considered a strategic material, used in everything from electric vehicles to military hardware.