SP 1. Lynas just received approval for it's plant in Malaysia.
However, its only for 2 years and with a lot of terms and conditions among which they have to come up with a proper plan of waste disposal within 10 months. License can be revoked immediately at any time if they breach the terms in which the license will permanently not be reissued.
However state assembly rep for the area will be filing for a court injuction. to prevent them from starting operations.
They are touting it as 'the first REE plant outside China:".
IMO, with all the above, it's filled with uncertanties and risk (maybe that's why the SP is up
.01 only).
2. WTO :
Some asian papers are writing about the WTO decision as though it will be the answer to the REE problem as China will be forced to export more. They just don't get it that it's a supply and demand problem and they also don't understand the technical fundamentals of the industry.
IMO all the above could be pressing on Stans SP but as I said, look at the forest and past the trees and IMO I think we'll be alright.
GLTA
Simon Bond