Lynas rare earths project in trouble: investment advice to dump Lynas
Analysts recommend investors dump Lynas Australian Mining, 10 August, 2012 Andrew Duffy Foster Stockbroking has recommended investors sell shares in Lynas because the company’s rare earths processing plant in Malaysia is likely to face further delays. In an investor note today Foster said approval of the Lynas Advanced Materials Plant had been “a drawn out saga” and the upcoming Malaysian election would force further delays.
“Appeals by local groups and the opposition party regarding the environmental impacts of the plant have resulted in the LAMP becoming a politically sensitive issue and delayed a final decision on issuing the licence,” Foster analysts said…..
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