Lynas Rare Earth Plant Still on Hold

CNBC News reported that citizen resistance continues to present an obstacle to the launch of Lynas Corp.’s (ASX:LYC) Malaysian rare earth plant.

As quoted in the market news:

The handful of demonstrators seems an unlikely obstacle to plans by Australia’s Lynas Corp to build its company-making 2.5 billion ringgit ($800 million) plant, seen as crucial to challenging China’s near monopoly on the production of rare earths, used in items ranging from smartphones to smart bombs.

Click here to read the full CNBC News report.