(Reuters) - Rare earths miner Lynas Corp said on Wednesday the Malaysian government has indicated it will make an announcement on its operating license there in mid-August.
Reuters reported on Monday, citing sources, that Malaysia plans to extend the company’s license to operate an $800 million rare earths processing plant, although it could be for a shorter duration than the usual three years.
A decision to extend the license by a Sept. 2 deadline is important for the market for rare earths because Lynas is the biggest producer outside China.
Reporting by Aditya Soni in Bengaluru; Editing by Paul Tait
