LYC +12.01%: the rare earths company saw shares jump to a ~2-month high today after Malaysia agreed to extend the deadline for licence amendments due to come in on July 1. The 6-month extension allows Lynas to continue operations as usual at their processing facility in the country after a long-running battle to ease the restrictions. Lynas, the world’s largest rare earths producer outside of China, has also been granted avenues to review the conditions that can further extend the facility’s life which de-risks the ramp-up of their new WA facility due to come online in the next 2 months.
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