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Forbes reported that Lynas stock price received a boost on the results from the Malaysian election, in which the ruling coalition secured another term.
Forbes reported that Lynas’ stock price received a boost on the results from the Malaysian election, in which the ruling coalition secured another term.
As quoted in the Forbes report:
But the most dramatic market reaction came in Sydney where investors piled into miner Lynas Corp., which has built a rare-earth refinery in Malaysia in the face of local opposition. Opposition candidates had promised to reexamine the mining license. Now it seems that the $800 million plant in Kuantan, which opened in February, should have a smoother run. Shares in Lynas rose 15% to A$0.57.