I sincerely hope they DON'T build the next plant in Malaysia. Build it in Australia, pay the tax in an economic and open no BS stable environment. Besides it creates more jobs and expertise for Australia. It operates in a more political friendly environment,it gives LYNAS more choices, and it gives buyers of our products the security of knowing they have an alternative source of production in a more investment friendly country It also sends a message to Malaysia they don't hold us over a barrel and can possibly 'turn off the LAMP' at will like they can now, or could do in the future if they so desired.Due to Malaysia shifting the goal posts and changing the rules of play with LYNAS,Malaysia has damaged their credibility in the eyes of industry and as a result any new industry will look very closely before opening any new plant in Malaysia. BIG MISTAKE Malaysia,HUGE!!
Opening the next plant in Australia gives LYNAS and our customers more choices, and security of supply of an essential strategic resource to our world wide customer base and the potential to develop associated value added industries in Australia.
LYC Price at posting:
88.0¢ Sentiment: LT Buy Disclosure: Held
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