The party could be short-lived for Lynas shareholders awaiting a Malaysian government green light for its controversial rare earths plant in Kuantan.
After Prime Minister Mahathir Mohamad announced last week that his administration would withdraw a demand for Lynas to export low level radioactive residue back to Australia, the stock rallied hard on Friday, up more than 6 per cent to $2.69.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
