Gold$2,045.30+0.52%
Silver$23.84-0.18%
Copper$3.85+1.23%
Platinum$912.40-0.33%
Iron Ore$118.50+2.14%
Nickel$16,892-0.89%

Malaysia renews Lynas Rare Earths' license for 10 years, orders end to radioactive waste by 2031

ByYahoo Finance
4 days ago
Source:Yahoo Finance
Lynas Rare Earths Limited logo
Related Company
Lynas Rare Earths Limited
$LYC.AX
View Company →

Malaysia’s government renewed Australian miner Lynas Rare Earths' operating license for 10 years but will require it to stop producing radioactive waste by 2031. The Lynas refinery in Malaysia, its first outside China producing minerals that are crucial for high-tech manufacturing, has been operating in central Pahang state since 2012. Science Minister Chang Lih Kang said Monday that any radioactive waste generated within the next five years must be treated and neutralized by extracting thorium or other methods.

Malaysia’s government renewed Australian miner Lynas Rare Earths' operating license for 10 years but will require it to stop producing radioactive waste by 2031. The Lynas refinery in Malaysia, its first outside China producing minerals that are crucial for high-tech manufacturing, has been operating in central Pahang state since 2012. Science Minister Chang Lih Kang said Monday that any radioactive waste generated within the next five years must be treated and neutralized by extracting thorium or other methods.

Continue reading on
Yahoo Finance
Read Full Article →
◆ ◆ ◆