SYDNEY (WSJ)—Australian company, Lynas Corp., won their battle to open a strategic minerals’
processing plant in
Malaysia. The Malaysian Atomic Energy Licensing Board (AELB) statement approving a two-year temporary operating
license for a rare-earth refinery in Pahang was released on 3 September 2012. The processing of rare earths from Western Australia's mines is planned to begin next month. . The AELB held off final approval of the project after protests concerning
the perceived radioactive waste hazard. Source: Rare Earth Boost From Lynas Win
(Reliability: High)
Comment: Shares in Lynas closed up 41 percent a
share on Thursday. Lynas intends to produce one-sixth of the world’s supply of
rare earths after reaching full capacity.
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| Lynas Corp plant in Pahang, Malaysia |
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