Lynas Rare Earths Limited · ASX:LYC
Lynas Rare Earths — Rare Earths Industry Association Conference 2024
20 slides from Lynas Rare Earths's conference presentation, Jun 20, 2024
Slide 1: Navigating the Future: Sustainable Strategies for Rare Earth Industries
For personal use only Navigating the Future: Sustainable Strategies for Rare Earth Industries Amanda Lacaze, CEO & Managing Director Tokyo, 20 June 2024
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Lynas Rare Earths Limited (ABN 27 009 066 648) (Lynas looking statements including projections, guidance on future earnings and estimates are provided or the Company) this presentation contains summary information about Lynas and its subsidiaries as
Slide 3: Principles for a sustainable rare earths industry
Principles for a sustainable rare earths industry For personal use only Profitable operators with Responsible producers Resilient global supply Attractive industry sustainable balance validated by external chain sheets ESG standards • Safe for people & the • Multi-geography environment • Industry gr
Slide 4: Major trends in rare earths supply chain: 2021 & 2024
Major trends in rare earths supply chain: 2021 & 2024 1 2 3 MARKET GROWTH PRODUCTION CAPACITY NEW SUPPLY CHAINS For personal use only 2021: Strong demand growth; 2021: All major suppliers 2021: Government and industry green tech accelerating increasing capacity recognise need for new local supply ch
Slide 5: Demand growth not yet matched by price growth
Demand growth not yet matched by price growth 120 250 For personal use only 100 97 92 200 84 80 NdPr Demand (kt of NdPr) NdPr Price (US$/kg) 150 64 60 47 45 100 40 35 31 26 27 50 20 - - 2014 2014 2015 2015 2016 2016 2017 2017 2018 2018 2019 2019 2020 2020 2021 2021 2022 2022 2023 2023 Source: Macqua
Slide 6: The industry remains geographically concentrated
The industry remains geographically concentrated Estonia France For personal use only United States China China Malaysia Vietnam Thailand Australia Rare earths producers Mid-stream producers Germany Japan China Vietnam Metal and magnet makers 6
Slide 7: China continues to strengthen its industry capability
China continues to strengthen its industry capability For personal use only Consolidation of market Government export Rare earth market leaders controls implemented, prices subdued in line including extraction & with China slowdown separation technology ‘’In order to protect rare earth resources and
Slide 8: Limited progress on outside China industry development
Limited progress on outside China industry development One commercial supplier Governments taking Customer demand for action on supply chain responsibly produced For personal use only of separated materials ex-China (Lynas) resilience rare earths increasing - but not translating to Limited growth in
Slide 9: Governments are making efforts to support industry development
Governments are making efforts to support industry development Japan • Rare earths included in National Canada: Security Strategy (January 2023) • Critical Minerals Strategy United States • Minerals Security For personal use only Partnership UK to collaborate • Inflation Reduction Act (IRA) with Sau
Slide 10: Case study: Government support drives sustainable industry development
Case study: Government support drives sustainable industry development For personal use only Japan’s support was instrumental in Lynas’ initial ramp up The partnership with JOGMEC & Sojitz has changed as our business has developed and included: • Financial • Technical • Geological • Market access Po
Slide 11: The industry must continue to address misinformation with facts
The industry must continue to address misinformation with facts For personal use only In the past 12 months alone, major financial media has inaccurately reported: ‘’The rare earths race entails difficult choices’’ ‘’Mining is dirty work’’ ‘’critical mineral processing is a dirty business which may
Slide 12: Lynas continues to invest to meet customer needs
Lynas continues to invest to meet customer needs Texas, U.S. For personal use only Malaysia Facility Separation & finishing Facility Processing & separation Product LRE, HRE Product LRE, SEG Planned project Operational (expansion in Status (2025 – 2026 expected start Status up) progress) Target Targ
Slide 13: Mt Weld, Kalgoorlie and Kuantan expansion
For personal use only Mt Weld Expansion New Kalgoorlie Rare Earths Kuantan Facility Expansion Processing Facility $1.5 billion in expansion capital 13
Slide 14: Investing in new technologies
Investing in new technologies For personal use only • In-house research and development team • Partnerships with leading universities across the world, global players in the energy sector, new equipment makers • Developing new clean energy technologies e.g. catalysts to facilitate hydrogen generatio
Slide 15: Our ESG Commitments
Our ESG Commitments For personal use only Caring for our people: Making a positive Being an environmental Contributing to a contribution to our leader: sustainable future: • Focus on safety communities: • Environmental and • Contributing to supply chain • Providing highly skilled jobs • Local hiring
Slide 16: Taking action to reduce GHG emissions
Taking action to reduce GHG emissions Target: Net Zero GHG emissions by 2050 For personal use only GHG reduction initiatives Contract signed for solar panels at Lynas Pilot underway for state-of-the-art Early works contract awarded for gas Malaysia chemical recycling system targeting a firmed hybrid
Slide 17: Building prosperity in our communities
Building prosperity in our communities For personal use only $600k 1st 88% $8.5m Reflect level local suppliers in invested in R&D in invested in community Reconciliation Action FY23 FY23 support and initiatives Plan (RAP) endorsed by in FY23 Reconciliation Australia $82.4m 98% 1102 paid in employee
Slide 18: Participating in external ESG verification & initiatives
Participating in external ESG verification & initiatives Global ESG initiatives Industry sustainability initiatives For personal use only Investor ESG ratings Sustainability reporting initiatives 18
Slide 19: Principles for a sustainable Rare Earths industry
Principles for a sustainable Rare Earths industry For personal use only Profitable operators with Responsible producers Resilient global supply Attractive industry sustainable balance validated by external chain sheets ESG standards • Safe for people & the • Multi-geography environment • Industry gr
Slide 20: Visit us at LynasRareEarths.com
For personal use only Visit us at LynasRareEarths.com 20
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