Mount Weld Rare Earths Oxide (REO) deposit known as the 'Central Lanthanide Deposit' (CLD) is one of the world's richest Rare Earths ore body, capable of supplying up to 20% of the global market for 30 years. Lynas Corporation Limited has signed an agreement with China Nonferrous Metal Mining (Group) Co., Ltd (CNMC), whereby CNMC is proposed to become a new majority shareholder in the company, strengthening China's control of the global market.
Original working URL: https://www.lynascorp.com/Pages/News%20and%20Media%20Pages/Lynas-back-from-the-brink.aspx
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