Malaysia Grants Lynas Rare Earth Business Extension

Australian rare earth producer Lynas said its wholly-owned subsidiary Lynas Malaysia has been granted an extension of its license to import and process rare earth concentrate until Jan 1, 2024. The extension was made by Malaysia's Ministry of Science, Technology and Innovation (Mosti) in response to Lynas' appeal of a decision to ban the import and processing of rare earth concentrates after July 1.