Australian miner Lynas Rare Earths says it will temporarily shut down most of its operations in Malaysia for upgrades while dealing with a legal battle with the Malaysian government over its operating license.
FILE - Construction vehicles are parked at the site of Lynas’ rare earths plant in Gebeng, eastern Malaysia, Thursday, April 19, 2012. Australian miner Lynas Rare Earths said Friday, Oct. 20, 2023, that it will temporarily shut down most of its operations in Malaysia for upgrading as it deals with a legal battle with the Malaysian government over its operating license.
Lynas’s operating license was extended by six months until Dec. 31. To again renew its license, Lynas must move its cracking and leaching processes — which produce the radioactive waste from Australian ore — out of Malaysia. It also is not allowed to import raw material with radioactive elements into the country.
If the license is not extended, Lynas said the additional downstream capacity can be used for a new facility in Kalgoorlie, Australia. Demand for heavy rare earths remain high, largely driven by the global development of electric vehicles.
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