Lynas’ LAMP Hits Another Roadblock, Trading Halted

The International Business Times reported that Lynas trading has been halted, the latest in a series of setbacks for the rare earth miner.

As quoted in the market report:

Media reports suggest the Malaysian government has told Lynas it must export the waste produced by the plant and not stockpile or treat it on site. Radioactive material is typically a by-product of rare earth processing and the government’s on again-off again approval for a LAMP temporary operating licence has hinged on this waste and its political implications. The Malaysian Opposition has levered off Fukushima fears to scare the populace into opposing the plant in the first place.

To view the full International Business Times report, click here.