Lynas Rare Earths appears to have failed in its attempts to secure some breathing space from Malaysian authorities, raising the prospect of a disruption in its downstream processing operations.
The company said on Monday that it had not been notified of any decision by the Malaysia regulator after a report in The Straits Times indicated the Pakatan Harapan-led government was sticking to a July 1 deadline for Lynas to stop cracking and leaching rare earths at its downstream operations on the east coast of the South-East Asia nation.