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Lynas builds cash ahead of Malaysian appeal

Lynas Rare Earths has reported record neodymium-praseodymium production in the March quarter and now has more than A$1.1 billion cash at bank ahead of a potential weak period ahead for the company depending on a meeting next Friday with Malaysia’s Ministry of Science, Technology and Innovation on the future of the company’s processing facility in Malaysia.

Michael Quinn
Lyans plant in Malaysia possibly heading for short term closure

Lyans plant in Malaysia possibly heading for short term closure

If an appeal to the minister about the cracking and leaching process is unsuccessful, production will be low in upcoming quarters - though sales will be normal in the June period - as the new processing...

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