Australia's Lynas announces planned shutdown of its operations in Malaysia

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Australia's Lynas announces planned shutdown of its operations in Malaysia
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SYDNEY, Oct 20 ― Australia's Lynas Rare Earths said today there will be a planned shutdown of all its operations in Malaysia except its mixed rare earth carbonate...

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The company also reported a 21.8 per cent fall in first-quarter revenue, hurt by lower product prices and continued accumulation of inventory. The company will implement an upgrade to its downstream operations at Lynas Malaysia to increase production of neodymium-praseodymium to about 10,500 tonnes per annum.

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