Malaysia has a skilled and relatively cheap workforce. Australia has an extremely expensive workforce. Mining labour is stretched thin. Politically Australia is far more pragmatic and rational because of maturity. That's built into the cost.
Malaysia has a relatively young democracy. Think Hanson, Palmer and other controversial figures emerging all at once from opposition to elected leadership. Could it happen here? But improbable.
You have Fuziah who wrongly described nuclear physics as though she was gossiping with her friends! Calling her a Muppet would be an insult to other muppets out there.
Lamp was built to pull lynas into a viable force. Out of mountains of accumulated losses, debt and creditors of last resort (suppliers) we were negotiating a lifeline of tax breaks and bond payments in installments. Which would not have been sufficient if lamp was built in Australia. For that Lynas is grateful to Malaysia and I would imagine the feeling is mutual.
Mind you peak resources wants to build their REE plant in the UK.
Malaysia has a skilled and relatively cheap workforce. Australia...
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Last
$7.14 |
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-0.200(2.72%) |
Mkt cap ! $6.673B | |||
| Open | High | Low | Value | Volume |
| $7.34 | $7.34 | $7.13 | $39.28M | 5.467M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1546 | $7.13 |
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| Price($) | Vol. | No. |
|---|---|---|
| $7.15 | 72361 | 6 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |