Malaysian Government Approves Lynas Rare Earth Refinery

CNBC reported that Australian miner Lynas Corp. has received Malaysian government approval to begin production at the first rare earths refinery in years outside of China. Concerns about radioactive waste leaks have caused months of delays.

As quoted in the report:.

Lynas said in a statement Wednesday it can now transport rare earths concentrate to Malaysia and potentially start the refinery in October.

Click here to read the full CNBC report.