Malaysia's government said on Wednesday its decision last month to extend a...
KUALA LUMPUR - Malaysia’s government said on Wednesday its decision last month to extend a license for Australia’s Lynas Corp for processing rare earth minerals aimed to show investors that the Southeast Asian nation was open for business and preserve 600 jobs.
Lynas, the largest rare earths producer outside China that sells most of its products to China, says the low-level radioactive waste is not hazardous. The prime minister’s office also said in the statement that failing to extend the license would mean Malaysia would be “unable to break the Chinese monopoly as the sole exporter of rare earths”.
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