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NewsLynas rises 18pc after Malaysia re-elected
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Lynas rises 18pc after Malaysia re-elected
by hlk Mon 06 May 2013, 12:58
SYDNEY: Shares in Australia’s Lynas Corp Ltd, which has a rare earth
plant in Malaysia, surged as much as 18 per cent on Monday after the
National Front coalition won re-election, fending off an opposition
challenge that had unnerved investors.
Lynas’ US$800 million
rare earth plant in Malaysia - the world’s biggest outside China -
finally began production in November after lengthy environmental and
safety disputes with residents and the 'Save Malaysia Stop Lynas' and
'Stop Lynas Coalition' protest groups since construction began two years
ago.
Lynas last traded at A$0.59 at 0123 GMT, surging 18 per cent.-- Reuters
plant in Malaysia, surged as much as 18 per cent on Monday after the
National Front coalition won re-election, fending off an opposition
challenge that had unnerved investors.
Lynas’ US$800 million
rare earth plant in Malaysia - the world’s biggest outside China -
finally began production in November after lengthy environmental and
safety disputes with residents and the 'Save Malaysia Stop Lynas' and
'Stop Lynas Coalition' protest groups since construction began two years
ago.
Lynas last traded at A$0.59 at 0123 GMT, surging 18 per cent.-- Reuters
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