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The Malaysian High Court has denied the application by the Save Malaysia Stop Lynas group for an injunction against Lynas’ temporary operating licence (TOL) for Lynas’ advanced materials handling plant (LAMP.) Lynas is now free to start operating their rare earth elements refinery, even as the application for a judicial review of the decision of the Minister of Science, Technology and Innovation to dismiss an appeal against the Atomic Energy Licensing Board’s decision to approve the TOL, is to go ahead. Although rare earth prices are currently low worldwide demand is expected to rise significantly China currently supplies about 95 percent of the world’s rare earths, used in high-tech equipment from iPods to missiles. Most of the rare earth production from the Lynas Advanced Materials Plant is already sold under long term agreements.
Holding for a 5-bagger at .85.
Just starting operations, should see a solid boost when the malaysia plant clears some environmental hurdles.
High prospects for a dollar stock buy low sell high.
their imperialism in malaysia is slowing them down, but it may be a chinese political ploy --- even if not, as soon as Mount Weld is operational they will be rolling in money.this was the first stock i ever bought, and i'm down -23% as of today, but i'm not worried.
REE price rises are no more a bubble than iron ore is a bubble. China is running out of recoverable REEs and will never return to unsafe practices of the past and the giving away of a valuable resource for free. Lynas in my opinion is the easiest double in 12 months I have ever seen in 25 years of investing and it could easily triple or more.
1.To the best on my knowledge, this is the ONLY rare earths company outside china that can be in full production within the next 12 months.2. It has a signed contract already to supply a company in Japan with rare earths at market price + costs at time of delivary3. China is already making overtures to buy-out the company.
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