Lynas gets six more months to meet radioactive waste ban in Malaysia

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KUALA LUMPUR, May 7 — Malaysia has granted Australian miner Lynas Corp a six-month extension until January 2024 to comply with a ban on producing radioactive waste as its...

KUALA LUMPUR, May 7 — Malaysia has granted Australian miner Lynas Corp a six-month extension until January 2024 to comply with a ban on producing radioactive waste as its rare-earths plant in Kuantan, Pahang.today reported that Lynas was notified of the extension following an appeal hearing on April 28, ahead of an expected announcement this week.

Rare-earth elements were essential for producing high-tech applications such as electric vehicles, smartphones, and military equipment; global supply was currently controlled by China that accounted for 80 per cent of the market. However, Lynas maintained that the process did not release extraordinary levels of radiation to the environment around its Gebeng facility, which accounted for half of all rare-earth elements supply excluding China.

 

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