LYC News: Australia's Lynas plans temporary shutdown of Malaysia ops, shares fall - 20th Oct 2023, 8:58am

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By Echha Jain

(Reuters) -Australia's Lynas Rare Earths said on Friday it planned to shut all operations in Malaysia on a temporary basis, except a mixed rare earth carbonate processing plant in the December quarter, with minimal volumes of the raw material processed during the interim shutdown.

Shares of the miner closed 1.9% lower, after falling as much as 2.7% to A$6.24 mid-trade, the stock marked its lowest since May 3.

Lynas' Malaysian operations have been a sore point for the company, wi...

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