LYC

0.30%

$6.76 lynas rare earths limited

Appeal, page-103

First 103 Last

Share
Profile

Follow
G-Zilla

418 Posts.

50

07/05/23

21:36

Post #: 67648801
Share

Originally posted by skijapan: ↑

Malaysia gives Lynas six-month extension for rare earths operations to go radiation-free
UPDATED

15 MINS AGO

KUALA LUMPUR – Malaysia has extended to January 2024 a deadline for Australian miner Lynas to ensure its rare earths plant in Pahang, the world’s largest, is effectively radiation-free.
The Straits Times has learnt that the six-month delay, following an April 28 appeal hearing, was conveyed to Lynas late on Friday ahead of an expected announcement this week.
The decision, legally under the sole discretion of Science, Technology and Innovation Minister Chang Lih Kang, is closely watched due to the geopolitical importance of rare earths.
China controls four-fifths of the global production of the mineral crucial to high-technology applications such as smartphones, electric vehicles and military assets.
Authorities issued a three-year licence renewal to Lynas in February but refused to remove conditions effective from July 1. The main requirement is the need to move “cracking and leaching” of lanthanide concentrate to another site outside of Malaysia, and refine only intermediate materials at its facility in Gebeng, near Kuantan in Pahang.
The refining processes have sparked fears of environmental and health hazards, especially the release of radiation that Lynas insists has no impact on the normally occurring levels around Gebeng.
Opposition Perikatan Nasional as well as industry and diplomatic officials have lobbied Mr Chang to revise the conditions to ensure Lynas would not have to shut down its Malaysian operations that account for half of the world’s rare earth supply outside of China.
https://www.straitstimes.com/asia/se-asia/malaysia-gives-lynas-six-month-extension-for-rare-earths-operations-to-go-radiation-free

Expand

Great news! It was always going to happen, the optics would of been so bad otherwise.

LYC Price at posting: $6.58 Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

BIT

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

As Nvidia cools, we're looking to Aussie AI

SBW

Shekel Brainweigh investor presentation webinar – the future of retail automation

LAM

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

QML

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

CBA breaks trading record on strong day for Aussie financials

PRU

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

OCC

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

There are more pages in this discussion • 3 more messages in this thread...

First 103 Last

Add LYC (ASX) to my watchlist

(20min delay)
Last $6.76		Change 0.020(0.30%)		Mkt cap ! $6.318B

Open	High	Low	Value	Volume
$6.76	$6.81	$6.72	$16.83M	2.487M

Buyers (Bids)

No.	Vol.	Price($)
2	9162	$6.75

Sellers (Offers)

Price($)	Vol.	No.
$6.78	5455	1

View Market Depth

No.	Vol.	Price($)
1	750	6.730
1	776	6.700
2	5300	6.680
2	14900	6.670
1	1000	6.650

Price($)	Vol.	No.
6.800	3857	3
6.810	1747	3
6.820	1800	1
6.850	301	1
6.880	4000	1

Last trade - 16.10pm 06/09/2024 (20 minute delay)

LYC (ASX) Chart

Appeal, page-103

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

As Nvidia cools, we're looking to Aussie AI

Shekel Brainweigh investor presentation webinar – the future of retail automation

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

CBA breaks trading record on strong day for Aussie financials

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

Red Mountain Mining: record gold prices, two projects, two greenstone belts

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Appeal, page-103

Top Stories

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

As Nvidia cools, we're looking to Aussie AI

Shekel Brainweigh investor presentation webinar – the future of retail automation

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

CBA breaks trading record on strong day for Aussie financials

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

Red Mountain Mining: record gold prices, two projects, two greenstone belts

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News