ASX Rare Earths Stocks

Rare earths are a group of commodities that Australia has done well to corner the market on, not because of a monopoly on resources (indeed Australia only accounts for 3 percent of global reserves), but because it was ahead of the curve when it comes to investment.

The story of rare earths in Australia — the modern success story at least — has its roots in a 2010 trade dispute between Japan and China, when China throttled exports of rare earths to Japan as retribution for a fisheries clash.

Long story short, Japan found itself looking to diversify its rare earths import partners. Up until then it had been beholden to the whims of its larger neighbour, which at the time accounted for over 93 percent of rare earths output.

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COVID-19 Forces Closure of Lynas’ Malaysian Rare Earths Plant

Australia-listed Lynas (ASX:LYC,OTC Pink:LYSCF) is the latest mining company to at least partially call it quits due to the COVID-19 outbreak.

The company announced on Monday (March 23) that it has suspended production at its Lynas Advanced Materials Plant (LAMP) in Malaysia as cases and deaths in the country increase.

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Lynas Clears Hurdles, Secures Malaysian Operating Permit

The world’s largest rare earths producer outside of China, Lynas (ASX:LYC,OTC Pink:LYSCF), has secured the medium-term future of its processing capacity in a deal with Malaysian authorities.

The Atomic Energy Licensing Board in Malaysia has given the Australian company a three year operating licence up until March 2023 in a development that clears away uncertainty for the producer.

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Lynas Responds to Negative Claims Made in the Media

Lynas Corporation (ASX:LYC,OTC Pink:LYSDY) has responded to anti-Lynas activists who allegedly continue to make false statements and inflammatory accusations with the apparent intent of misleading the Malaysian people, such as those recently reported in the media.

Highlights are as follows:

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Lynas Locks in Kalgoorlie Rare Earths Processing Plant

Australia’s Lynas (ASX:LYC,OTC Pink:LYSCF) has selected a site for its rare earths processing plant to handle ore from its Mount Weld mine in Western Australia.

Ore from Mount Weld won’t have to go far, with a site in the regional city of Kalgoorlie-Boulder selected by the company. It is set to host a cracking and leaching plant that will upgrade concentrate from Mount Weld before it is exported to the company’s Malaysia processing facility.

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