Licence for Lynas Rare Earth Plant on Hold By Malaysian Court

Reuters reported that a Malaysian court has put a hold on Lynas’ licence for for its controversial rare earth processing plant until October 10th.

As quoted in the market news:

The plant is considered important to breaking China’s grip on the processing of rare earths, which are used in products ranging from smartphones to hybrid cars.

Activists linked to the environmental group Save Malaysia Stop Lynas, who had asked for the postponement, want the court to suspend the temporary license until two judicial review cases challenging the government’s decision allowing the plant to operate are heard.

Click here to view the full report.