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Lynas Rare Earths Limited is an Australia-based company, which is engaged in integrated mining of rare earth minerals in Australia and mineral processing in Australia and Malaysia, and development of rare earth deposits. The Company’s operations include Mt Weld, Lynas Malaysia, Kalgoorlie and Lynas USA. It focuses on developing the Mt Weld resource, which includes ongoing exploration... see more

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Lynas Rare Earths ADR > New numbers, and a lot of wondering

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Post by MaterialsMan on Feb 25, 2023 3:16pm

New numbers, and a lot of wondering

I believe that the half year results will be published late tomorrow, Sunday P.M.EST via an ASX announcement.
Be interesting to see how the SP reacts if the numbers are good. This issue in Malaysia may be a significant stumbling block. The company keeps referring to lanthanides as being the mineral(s) that are at issue. Little did I realize until doing a little research that this group of minerals comprise most of the elements that make up rare earths. Darn good thing that they are building a processing plant in Kalgoorlie. The Malaysia decision is still on appeal. If Malaysia does not reconsider, it may be their loss. Of course it may well affect Lynas's production. How much has not been revealed. Will be interesting to see if they reconsider on appeal. If they do not, wonder what will happen to the processing equipment etc. Maybe the Malaysians are up to something nefarious. Like maybe bringing China in to take it over. It seems that the minister that oversees the decision is not even responding to the appeal. Wonder if graft is as prevalent in Malaysia as it is in many other parts of the world.

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