Australia’s Lynas jumps on Malaysian operating licence renewal
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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Oil prices surge after US-Israel strikes on Iran, trim early gains Gold prices jump 2% amid widening US-Israel conflict with Iran Middle East tensions rise as Iran promises retaliation $100+ oil back in play if Hormuz disruption worsens: analysts (South Africa Philippines Nigeria) Australia’s Lynas jumps on Malaysian operating licence renewal By Ayushman Ojha Author Ayushman Ojha Stock Markets Published 03/01/2026, 09:42 PM Australia’s Lynas jumps on Malaysian operating licence renewal 0 LYC 4.19% Investing.com-- Shares of Lynas Rare Earths (ASX:LYC) climbed on Monday after the company said Malaysian authorities had renewed the operating licence for its processing plant for 10 years, The Perth-based rare earths producer said it received confirmation from Malaysia’s atomic energy regulator that its Malaysian operating licence had been extended for a decade from March 3, 2026. A formal licence will be issued in due course. Get real-time updates on market-moving news with InvestingPro Shares of the company jumped as much as 7% to A$20.3 -- their highest since Oct 21, 2025. The renewal is significant for Lynas, which operates one of the few major rare earths processing facilities outside China. The Malaysian plant processes concentrate mined in Australia and is central to the global supply of materials used in electric vehicles, wind turbines, and defence applications.
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