Clean energy demand spurs Lynas expansion

Lynas is the biggest producer outside China of key elements needed for the clean energy technologies that will drive the transition to net zero emissions, as well as being vital for advanced defence technologies.

"Investment in capacity expansion will be required at every production stage, Lynas said.

The project is expected to create up to 300 jobs during construction and over 100 ongoing operational jobs in the Goldfields region of Western Australia.

The expansion will start next year and hit full operational capacity in 2024, as western economies look to shore up supplies.

The federal government is working closely with the United States to secure supply chains for critical minerals.