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Lynas Shares Soars as Malaysia Rare Earths Plant Roars

Shares of Australian rare earths miner Lynas Corporation jumped as much as 7.2 per cent in early morning trade at 1146 AEDT as the mining company disclosed its highly controversial processing plant in Malaysia continued to post significant progress in the production of the precious metals which are essential components to a number of technological advancements.

In a disclosure to the Australian Securities Exchange, Lynas announced it had successfully commissioned the cracking and leaching of rare earth extraction units at the plant. Stockholders rejoiced over the positive development, effectively creating a ripple effect on the company's share portfolio.

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

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