Lynas Delays Rare Earths Development

The Australian reports that Lynas, (ASX:LYC) which is processing rare earths in Malyasia from its Mount Weld mine in Australia, has delayed a plan to develop another rare earths deposit in Western Australia.

As quoted in the market news:

The Sydney-based company, which last year completed a scoping study on the Duncan deposit at its Mount Weld site, said it would postpone further development work as it looked to reduce operating costs.

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