Photograph) (From right) Koo Bon-kyu, CEO of LS Cable & System, Lee Sang-ho, CEO of LS Eco Energy, Amanda Lacaze, CEO of Lynas, and Chris Jenney, VP of Sales & Market Development at Lynas, take a commemorative photo at the rare earth supply chain agreement ceremony held at LS Cable & System’s Singapore branch on the 30th. 


■ Expanding to defense applications in 2026, followed by robotics, offshore wind power, and EVs in 2027
■ Partnering with largest non-Chinese rare earth raw material company
■ Accelerating construction of rare earths highway from mining to metals and magnets


LS Eco Energy (CEO Lee Sang-ho) is establishing a mass production system for defense-grade rare earth metals, effectively the first company outside of China to do so.

On March 31, LS Eco Energy announced that it has entered an agreement with Lynas for the supply of rare earth raw materials and will begin mass producing the metals within the year. The two companies held an agreement ceremony at LS Cable & System’s Singapore branch.

With this, the company can begin operating its global value chain linking raw materials (Lynas), metallization (LS Eco Energy), and permanent magnets (LS Cable & System).

Cooperating with Lynas will accelerate the construction of a global rare earth highway stretching from mines to end products. The two companies hope to strengthen their market influence by breaking away from the current supply structure centered one country.

LS Eco Energy plans to install metallization facilities at its LSCV plant in Vietnam and commence mass production within the year. The company plans to start with defense-grade metals for aerospace and missiles in the second half of this year, and rapidly expand to metals for robotics and electric vehicles by 2027.

A company representative said, "While global demand for non-Chinese rare earths is currently surging, supply remains insufficient," and added, "We are continuously receiving inquiries from global companies seeking a stable alternative supply."

Metallization is a core process in the rare earths industry, and is just as technically difficulty as securing raw materials. By simultaneously procuring raw materials and performing metallization, LS Eco Energy has secured a unique competitive edge.

LS Eco Energy plans to produce approximately 2,500 tons of metals annually, including samarium for defense purposes and NdPr for robotics and offshore wind power. This is sufficient to manufacture over 10,000 tons of permanent magnets.

CEO Lee Sang-ho of LS Eco Energy said, "Through our partnership with Lynas, we will increase our global market dominance and contribute to national resource security."