LYC 2.72% $7.87 lynas rare earths limited

Today's chart & trading, page-1559

  1. 164 Posts.
    lightbulb Created with Sketch. 94
    Google translate:

    The evaluation committee lighted the "green light". Rare earth plant materials are allowed to continue operation
    The report of the re-examination of the rare earth plant of the Linus Rare Earth Plant (LAMP) Executive Committee will be released tomorrow (27th). According to reliable sources, the report will light up the "green light" and agree to let the rare earth plant continue to operate.

    (Pahang. Kuantan 26th) The report of the re-examination of the rare earth plant of the Linus Rare Earth Plant (LAMP) Executive Committee will be released tomorrow (27th). According to reliable sources, the report will light up "green light" and agree Let the rare earth plant continue to operate.

    According to the news, six professionals re-examined the Linus Rare Earth Plant in October, and the Linus executives also met with the Cabinet Minister and Prime Minister Tun Mahathir during this period to seek to continue the operation of the rare earth plant.

    The news told Sin Chew Daily that Prime Minister Tun Mahathir had previously met with the Australian Prime Minister. The Prime Minister hoped that the Prime Minister would pay attention to Linus’s investment plan so as not to undermine bilateral friendly economic and trade relations.

    The final decision of the Prime Minister

    The report will be completed on November 27th and submitted directly to the Cabinet for discussion, and then the Prime Minister will decide whether to let Linus continue to operate.

    The news pointed out that the report will propose to set up a permanent waste storage facility (PDF) as a solution. The rare earth plant can solve the problem of storage waste once and for all. Secondly, it will not damage Australian investment and affect the impression of other foreign capital on China. .

    Fu Zhiya: Should be considered from the standpoint of the people

    On the other hand, Kuantan MP Fu Zhi Ya Sha Lie said in an interview with Sin Chew Daily that although the re-examination report will be on the 27th, the content has not yet been announced. She hopes that the report will stand on the people's disposal of rare earth plants and waste. The position as a consideration.

    She said that if the final decision of the Executive Committee is to build a permanent waste storage facility (PDF) for the rare earth plant as a condition for continued operation, it is believed that it is difficult for the public to accept.

    “I hope that the best solution is to stop the operation of the rare earth plant and stop the refining of rare earths, so that there will be no waste, and the best solution is to ship the waste back to Australia.”

    Chen Wende: Where does the construction of PDF funds come from?

    The Chairman of the Salvation Malaysia Committee, Chen Wende, pointed out that if the final decision of the report is to set up a PDF for the rare earth plant, it is indeed very difficult to accept.

    He said that once the report really allowed the construction of a rare earth plant PDF, the question is whether Linus has the funds to build and where the construction is.

    “These must be considered by the cabinet or the government, and the state of the capital of the rare earth plant must be evaluated.”

    Article Source:
    Sin Chew Daily ‧2018.11.26
 
watchlist Created with Sketch. Add LYC (ASX) to my watchlist
(20min delay)
Last
$7.87
Change
-0.220(2.72%)
Mkt cap ! $7.477B
Open High Low Value Volume
$8.03 $8.03 $7.86 $3.508M 440.7K

Buyers (Bids)

No. Vol. Price($)
5 914 $7.86
 

Sellers (Offers)

Price($) Vol. No.
$7.87 5696 16
View Market Depth
Last trade - 11.21am 11/11/2024 (20 minute delay) ?
LYC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.