Lindian locks in cheap Kazakh acid supply as China export ban looms
Lindian Resources has secured a long-term supply of sulphuric acid for its rare earths plant in Kazakhstan. This move comes ahead of a looming export ban on sulphuric acid from China, which is expected to significantly impact global supply. The arrangement with a state-backed producer positions Lindian favorably in a volatile market.
- ▪Lindian Resources has established a supply arrangement with the Stepnogorsk sulphuric acid plant in Kazakhstan.
- ▪China is expected to implement a near-total ban on sulphuric acid exports, affecting 4.65 million tonnes of supply.
- ▪The pricing for sulphuric acid in Kazakhstan is significantly cheaper than typical domestic market rates.
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