Lynas Receives Court Support for Malaysian Plant

Reuters reported that Lynas’ stock price got a boost from a court decision to dismiss a challenge from protesters regarding its Malaysian rare earth processing plant.

As quoted in the market report:

The $800 million rare earth plant – the world’s biggest outside China – finally began production in November after lengthy environmental and safety disputes with local residents and the Save Malaysia Stop Lynas (SMSL) protest group since construction began two years ago.

To view the whole Reuters report, click here.