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Lynas and JS Link Agree to Build Rare-Earth Magnet Factory in Malaysia

Australia's Lynas and South Korea's JS Link partner to establish a rare-earth magnet plant in Malaysia, aiming to reduce reliance on China for supply chains.

Jul 7, 2026, 5:58 AM Nikkei Asia

JS Linktopic Malaysiatopic Australia Lynasperson South Koreanperson Build Rare-Earth Magnet Factorytopic JS Link Agreetopic Malaysiantopic Mount Weldperson South Korea JS Linktopic Australia Lynas Corporationperson CANBERRAorganization Nikkei Asiaorganization

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Australia's Lynas Corporation and South Korean magnet manufacturer JS Link have signed an agreement to construct a rare-earth magnet factory in Malaysia. This initiative is part of broader efforts to develop supply chains for rare-earth products that do not depend on China.

The rare-earth concentrate used in these magnets is sourced from Lynas's Mount Weld mine in Australia. In 2019, Lynas workers were documented handling this concentrate before it was shipped to Malaysia for further processing.

This collaboration highlights a strategic move within Asia to diversify rare-earth magnet production and reduce dependence on Chinese supply chains.

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Nikkei Asia Captured Jul 7, 2026, 5:56 AM · Original story

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Overview: This article shows limited framing pressure in the available source text. Australia's Lynas and South Korea's JS Link partner to establish a rare-earth magnet plant in Malaysia, aiming to reduce reliance on China for supply chains.

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