# Lynas invests $50M in JS Link for Malaysian permanent magnet factory

Lynas Rare Earths announced a $50 million equity investment in South Korean magnet maker JS Link to establish a permanent magnet factory in Kuantan, Malaysia, near Lynas' existing plant. The factory will have 3,000 tonnes per annum capacity of neodymium iron boron sintered magnets and create up to 400 jobs.

- Type: Investment
- Announced: 2026-07-07
- Where: Kuantan, Malaysia, Malaysia
- Value: $50.0M
- Jobs: 400
- Status: announced
- Capacity: 3,000 tonnes per annum of neodymium iron boron sintered magnets
- Products: neodymium iron boron sintered magnets, rare earth materials
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Lynas Rare Earths](https://endata.com/companies/9793.md) (investor)
- [JS Link](https://endata.com/companies/87107.md) (partner)

## Sources

- [en.jslink.co.kr](https://en.jslink.co.kr/magnet/?bmode=view&idx=172259395), 2026-07-07: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.