Lindian Resources Plans $150 Million Kazakhstan Rare Earth Expansion, Targeting 8,000 Tons of Carbonate

Highlights

• Lindian Resources plans to invest $150M at its SARECO complex in Stepnogorsk, Kazakhstan, split between $50M modernization and $100M new capacity.
• The project targets 8,000 metric tons of mixed rare earth carbonate annually from 12,500 tons of concentrate, with first production aimed for late 2026.
• French processor Carester has agreed to offtake 70% of specified heavy rare earth compounds, though the separation plant still requires feasibility work.
• Lindian's Kangankunde mine in Malawi is a potential feedstock source, creating a three-continent supply chain outside China.
• Investors must track three separate milestones: concentrate production, carbonate processing, and oxide separation, each with distinct capital and technical requirements.