Lynas Flags Rare Earths Disruption Due to Australian Power Cuts

Lynas Rare Earths Ltd. warned of unexpected production cuts after a series of power outages in Australia left the company short of raw materials for its refinery in Malaysia.

The power cuts at its Australian processing plant had caused Lynas to lose about a month’s worth of production, the company said on Tuesday. The rare earths mined and processed in Australia are sent to Malaysia for refining and could not be replaced from other operations.