Reuters reported that Malaysia threw out an appeal against Lynas Corp.’s (ASX:LYC) rare earth plant but imposed stricter conditions on its operations.
As quoted in the market news:
A statement from the Science, Technology and Innovation Ministry, which considered the appeal, said there was “no strong justification nor scientific or technical basis” to set aside the temporary operating licence given to the plant in January.
“Attention investors: China is tightening its grips on the rare earth industry forcing plant closures on illegal mining. Find out how to take advantage of this trend.”
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