State governments have been reminded to comply with the implementation of a moratorium on the export of non-radioactive rare earth elements, which came into force on January 1.
Today, the world's largest producer of rare earths outside China said its sales fell 51.7% to A$112.5 million in the three months to December 31, from A$232.7 million in the same period the year before.
Australia-based Lynas Rare Earths is planning to shut its operations in Malaysia by the end of the year, except for a mixed rare earth carbonate processing plant.
This allegedly involves cabin services, cargo and logistics, engineering and maintenance, as well as the commercial division, according to Scoop’s source
