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IBTimes reported that Lynas Corp. (ASX:LYC) will have to pay approximately $18 million now that rare earth royalties have been introduced in Western Australia.
IBTimes reported that Lynas Corp. (ASX:LYC) will have to pay approximately $18 million now that rare earth royalties have been introduced in Western Australia.
As quoted in the market news:
The 2.5 per cent tax was based on a formula that combines the market value of rare earth oxides and the number of units per hundred of REO in the rare earth elements containing-products sold.
Click here to read the full IBTimes report.