LYC 0.00% $6.40 lynas rare earths limited

News: LYC Get cracking: Lynas scouts for rare earths plant to meet Malaysian demands, page-48

  1. 13,370 Posts.
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    Can you remember why Lynas were enticed to Malaysia in the first place?

    Well jantimont, I can't recall and from my research it was do to the fact:

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    LYNAS

    What is LYNAS?

    Lynas is an Australian rare earths mining company

    What is Rare Earths?

    Rare earths are a group of 17 chemically similar elements crucial to the manufacture of many hi-tech products.

    What's going on now?

    CAUSES

    Regulations

    • Malaysia has a clear legal framework, strict, and clear regulations
    • Government with a vision for value added industry.

    Location

    • Gebeng is a well-established industrial park with good port facilities and skilled workforce
    • Gebeng also has dependable power and utility supplies and a very good infrastructure.

    Manpower

    • "the facility will create nearly 350 skilled job at the LAMP, plus a multiplier of 5-8 times that in secondary jobs through the economic ecosystem created by the plant."
    • Lynas is managed by Malaysians.

    Economical

    • Lynas choose Malaysia for economic reasons
    • "choose Malaysia because it makes better business sense to be close to global customers"
    • Malaysia seeks to grow to achieve high-income nation status in a way that is inclusive, sustainable and safe.

    EFFECTS

    Environment

    • Rare earth rock been process by hydrometallurgical and acid bath cause water pollution
    • tenorn
    • The rare earth after process left as waste that contain radioactivity cause land pollution and harmful toward surrounding living things

    People

    • People in Malaysia may face high risk of cancer due to radioactive waste.
    • These material exported from Australia left in Malysia as waste.
    • eg:Incident Bukit Merah

    Economics

    • In short term: it bring up of the economics of Malaysia
    • In long term:It ruin the economics of Malaysia

    What do you think?

    Is it a trouble?

    Lynas Corporation LTD is constructing a

    Rare Earths processing plant called

    Lynas Advanced Materials Plant (LAMP)

    at Gebeng Pahang, Malaysia.

    ...in 2011/2012 Malaysia had a clear yet naive business path that did not have the anointed saviors Fuziah, Mr. Wrong and kitty Yeo. Still does this very day thanks to Dr. M and his decision to not be firm against the zealots but rather a Tangential. Do you got a better answer jantimont? And please sir, try not to be tangential too.
    Thanks in Advance, TD
 
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