This is an interesting new angle; FT today (extract):Lynas Corp said on Wednesday it was considering taking legal action against the Malaysian government over its decision to impose tough new conditions on its licence to operate in the country. The stand-off between one of the world’s only rare earths suppliers outside China and the new government in Kuala Lumpur caused shares in ASX-listed Lynas to fall by a quarter when the market opened.
“This appears to be policy based on politics, not policy based on science,” said Amanda Lacaze, the Australian-listed miner’s chief executive. “However, we are confident we are well placed to manage potential changes and our long-term investment thesis remains strong.” Lynas said in a statement it would consider all options, including legal action.
News: LYC Malaysia sets licence renewal conditions for rare earths miner Lynas, page-106
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$7.14 |
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Mkt cap ! $6.673B | |||
| Open | High | Low | Value | Volume |
| $7.34 | $7.34 | $7.13 | $39.28M | 5.467M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1546 | $7.13 |
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| Price($) | Vol. | No. |
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