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Lynas OK to continue running Malaysian rare earths plant, PM says

May 30, 2019 10:43 AM ETLynas Rare Earths Limited (LYSCF) StockLYSCFBy: Carl Surran, SA News Editor6 Comments
  • Malaysian Prime Minister Mohamad says Lynas (OTCPK:LYSCF) will be allowed to keep operating its rare earths processing plant in the country, ending months of uncertainty over the future of the company's $800M plant.
  • "We will allow Lynas to carry on because otherwise we are going to lose a very big investment from Australia," Mahathir says.
  • Lynas shares are pulling back after surging to five-year highs over the potential disruption to global supply chains if China withhold its rare earth supplies in its trade dispute with the U.S.

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