Lynas shares surge 10% on report licence renewed

Lynas shares surge 10% on report licence renewed

Free Malaysia Today - South East Asia·2020-02-13 12:22

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KUALA LUMPUR: Reports that the government has agreed to renew Australian firm Lynas Corp licence to operate its rare earths processing plant in Pahang have sent shares of the company up as much as 10%.

Reuters reported that Lynas’ shares today went up by 10%, its best daily performance in two months before paring some gains to trade up 8.5% this morning.

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