Australia’s Lynas partners South Korea’s JS Link for Malaysian magnet factory

The factory in Kuantan, which can produce 3,000 tonnes of magnets per annum, is expected to create ‌up to 400 jobs Under the latest deal, JS Link will establish a magnet factory in ‌Kuantan, Malaysia, with an operating capacity of 3,000 tonnes per annum of neodymium-iron-boron permanent sintered magnets. Lynas said it ‌would invest around A$50 million (US$34.8 million) in JS Link shares to ⁠support the ⁠development of the facility. The produced magnets will supply automotive, wind energy and electronics manufacturing supply chains ‌in key markets including South Korea and Malaysia. The company expects the Kuantan magnet factory ‌to create ‌up to 400 new jobs.

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