SEA Deal Ticker
Australia's Lynas and Korea's JS Link commit to a rare-earth magnet plant in Malaysia
The pair will build a 3,000-tonne-a-year sintered NdFeB magnet factory in Kuantan, with Lynas investing A$50M ($34.7M) for a 4.58% stake in JS Link and up to 400 jobs created.
Positive-sum angle: A magnet line beside Lynas's existing separation plant hands ASEAN carmakers and wind builders a non-China source for the one component the energy transition can't skip.