Lynas Rare Earths is having an each-way bet as it races to finish a new $575 million processing plant at Kalgoorlie in time to meet a deadline imposed by Malaysian authorities.
The company says it is on target to have the cracking and leaching plant up and running by July 1. That is when Malaysia authorities have told Lynas it must stop cracking and leaching rare earths mined in Western Australia at its downstream processing plant at Kuantan on the South-East Asian nation’s east coast.
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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
