Lynas Corporation is facing a moment of truth over its controversial Malaysian processing plant as locals prepare to go to the polls in what is being hailed as the most closely contested election in the country’s history.
Not everyone is in favor of the US Department of Defense's recommendation that the US stockpile $120.43 million worth of heavy rare earths.
As China implements measures aimed at jumpstarting the REE market, investors are thinking outside of the box regarding where the next viable project will be — and Australia is a prime focus.
Lynas Corporation recently announced the successful commissioning of the cracking and leaching extraction units at its Malaysian facility, but ongoing protests and scathing environmental reports are hindering progress.
The future of Lynas Corporation seems brighter as rare earth prices strengthen and the company makes headway in its battle to begin operations at its Malaysian plant.
The Sydney Morning Herald reported that Lynas Corporation Ltd. (ASX:LYC) anticipates that production will begin at its Malaysian rare earth plant in December. Revenue from production is expected in the first quarter of 2013.
Lynas Corporation's Malaysian rare earth processing project is once again facing hurdles; its temporary operating license was recently suspended.
The latest prices, news and events from across the global rare earths market.
Reuters reported that a Malaysian court has put a hold on Lynas' licence for for its controversial rare earth processing plant until October 10th.
Investor focus shifted to Lynas Corporation after it received confirmation that its controversial rare earths plant in Malaysia has won a temporary operating license from the country's Atomic Energy Licensing Board.
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