Lynas gets better Japan loan terms

MELBOURNE/TOKYO: Australia’s Lynas Corp said yesterday it signed a 10-year loan extension on easier terms with its long-time Japanese backers, increasing its commitment to supply rare earths to Japanese customers. The extension to

2030 to repay US$147 million (RM610.05 million) will help Lynas, the only major producer of rare earths outside China, follow through on its 2025 expansion plans, with greater cash flows available thanks to the improved terms.