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Shares jumped as much as 5.6% to A$7.2 as of 0229 GMT, hitting highest since Sept. 19 and putting the company on track to sit among the top 10 gainers in the
The licence extension comes despite concerns raised in recent years by Malaysia regarding radiation levels from the cracking and leaching operations during raw material processing. “Lynas has de-bottlenecked its cracking and leaching following the licence update”, while eyeing multiple opportunities to further improve production, analysts at Macquarie said.
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Lynas jumps as Malaysia allows key plant extensionShares of Lynas Rare Earths hit their highest in over a month on Wednesday, extending gains, after Malaysia allowed the miner to operate its flagship refinery locally with a variation to the operating licence. Shares jumped as much as 5.6% to A$7.
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Activists demand transparency over Malaysia's move to extend Lynas Rare Earth's operationsEnvironmentalists have slammed Malaysia's move to let Australian miner Lynas import and process rare earths until March 2026. That decision reversed an earlier order for a halt to such activities by Jan. 1 after Lynas proposed to remove radioactive thorium from raw material and from over a million tons of waste amassed at its refinery.
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Activists demand transparency over Malaysia's move to extend Lynas Rare Earth's operationsEnvironmentalists have slammed Malaysia's move to let Australian miner Lynas import and process rare earths until March 2026.
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Activists demand transparency over Malaysia's move to extend Lynas Rare Earth's operationsEnvironmentalists have slammed Malaysia's move to let Australian miner Lynas import and process rare earths until March 2026.
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Malaysia allows Lynas to import radioactive raw material until 2026Malaysia on Tuesday amended Lynas Rare Earths' operating licenseto allow the Australian firm to import raw materials containing natural radioactive material and process rare earths until March 2026.
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Malaysia gives nod for Australian miner Lynas to import, process rare earths until March 2026Malaysia’s government says it will allow Lynas Rare Earths to continue to import and process rare earths until March 2026. Science Minister Chang Lih Kang said licensing conditions that called for the Australian miner to halt all activities producing radioactive waste have been lifted.
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