Lynas Rare Earths shares at all-time low
A tiny paragraph on page 25 of the business section of The Age (print version 29/6/15) tells that Lynas shares have plunged. Meanwhile Alkane resources, near Dubbu, NSW, is launching mining of rare earths.
What The Age didn’t tell us, in this tiny paragraph – is what is happening about the reprocessing of these rare earths, and disposal of the highly radioactive wastes. . I’m pretty sure that in the case of Alkane – thi is to be done in China. China, having learned very much the hard way, has now become a lot more careful about these wastes.
In the case of Lynas, they plan to process the rare earths in Malaysia. Lynas has been vague on what they planned to do with the radioactive wastes. No wonder the Malaysians objected – as they too have in the past, suffered a rare earth’s wastes radioactive disaster. No wonder Lynas is struggling now.
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