Lynas Rare Earths has announced a long-term partnership with South Korea’s JS Link to develop a rare earth permanent magnet manufacturing facility in Kuantan, Malaysia, in a move the company says will expand regional manufacturing capability and strengthen rare earth supply chains.
The agreement follows a memorandum of understanding signed by the two companies in July 2025 and outlines plans for JS Link to establish a factory with an operating capacity of 3,000 tonnes per annum of neodymium-iron-boron (NdFeB) permanent sintered magnets.
Under the agreement, Lynas will invest approximately A$50 million in ordinary equity in JS Link to support construction of the Malaysian facility.Â
The company will also supply rare earth materials to both JS Link’s existing magnet factory in Yesan, South Korea, and the planned Malaysian plant under an exclusive commercial supply arrangement through to January 2038.
JS Link has secured a site for the new factory near the Lynas Malaysia advanced materials plant in Kuantan. According to Lynas, the facility is expected to create up to 400 new jobs in Malaysia.
The magnets produced at the plant are intended for automotive, wind energy and electronics manufacturing supply chains across markets including South Korea, Malaysia and other regions.
Lynas Rare Earths Interim CEO Pol Le Roux said the partnership combines the strengths of both companies to establish new manufacturing capability in Malaysia.
“This partnership brings together Lynas’ rare earths processing expertise with JS Link’s magnet manufacturing capability to create a new manufacturing industry in Malaysia,” Le Roux said.
“This is an exciting project for the development of a sustainable rare earths industry in Malaysia and delivers on our Towards 2030 growth objective of expanding into the outside China metal and magnet supply chain.”
JS Link CEO Jun Y. Lee said the agreement would support the company’s efforts to develop a stable permanent magnet value chain while contributing to supply chain resilience.
“This partnership with Lynas, which is the most credible and trusted RE supplier in the Western world, will assist JS Link to create a stable and optimal permanent magnet value chain,” Lee said.
“Through this partnership, I am very pleased that JS Link will be able to contribute to a resilient rare earth supply chain. JS Link, through this partnership with Lynas, is pleased to be making a positive contribution to the economies of Malaysia, Australia and Korea.”
JS Link, which is listed on the Korea Exchange’s KOSDAQ market, operates a rare earth permanent magnet manufacturing division and has an existing magnet factory in South Korea with a production capacity of 1,000 tonnes.Â
The company said the facility is currently distributing product samples to customers globally and is in the final stages of preparing for commercial-scale production.
The content of this article is based on information supplied by Lynas Rare Earths. For more information, please refer to the official company announcement and communications from Lynas. Please consult a licensed and/or registered professional in this area before making any decisions based on the content of this article.Â
