Markets

Lynas Prevails; Malaysia Kuantan Court Junks Legal Action for 2nd Time

Australian rare earths miner Lynas Corp. has announced that the second legal action filed by the Save Malaysia Stop Lynas group against its processing plant facility in Malaysia had been shelved off by the Kuantan High Court. But for some reason, shares of the rare earths miner continued to tumble on Thursday.

This latest development could allow the Australian rare earths miner to start production by the end of 2012. Nonetheless, the company's shares dropped as much as 6.11 per cent to 61.5 cents, versus a benchmark index fall of 0.82 per cent as of 11 AEST.

Read More on International Business Times

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos