The Australian company continues to face opposition from those who believe their rare earths processing plant in Malaysia risks human health and damage to the environment.
Articles Tagged "ASX:LYC"
As Chinese rare earths output declines, the start-up of new production elsewhere in the world is at last diversifying the global supply base.
Malaysians opposed to rare earths processing are angry at Lynas Corp (ASX:LYC) for refusing to disclose the location of a waste storage facility in the peninsular Asian nation, Australia Network News reported.
Lynas Corp, (ASX:LYC) the Australian company mining rare earths in Australia and processing them in Malaysia, is admitting more troubles with output, The Australian reported on Monday.
Lynas rose 6.2 percent to a 7-week high, The Australian reported, after the Australian rare earths miner was given relief on a $225 million loan from Japan's Sojitz.
China is the dominant player in the rare earths game, yet the country's impacts on the market are not easy to understand. Here we provide an explanation of what China's rare earths quotas really mean.
The Australian reports that Lynas, (ASX:LYC) which is processing rare earths in Malyasia from its Mount Weld mine in Australia, has delayed a plan to develop another rare earths deposit in Western Australia.
The Star Online reported that Lynas (ASX:LYC) is disputing reports that a permanent disposal facility will be built on site at their rare earth plant.
Chinese officials are shutting down mines illegally producing rare earth concentrate and that is having a positive effect on rare earth stocks and prices.
The International Business Times reported that Lynas has submitted plans to the Malaysian government for a permanent disposal facility, which may satisfy the final requirement to receive a permanent license to operate the plant.