CANBERRA (Reuters): Australian rare earths miner Lynas Corp said on Monday it has been granted an extension to a temporary permit to store residue at its Malaysian site, pushing its shares up more than 8 percent.
Lynas' Malaysian operations have been under scrutiny by the country's new government over concerns that its six-year-old plant that processes rare earths used in industrial magnets is harmful to the environment.
Already a subscriber? Log in.
Start your ads-free experience now!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!