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Shares jumped as much as 5.6% to A$7.2 as of 0229 GMT, hitting highest since Sept. 19 and putting the company on track to sit among the top 10 gainers in the
The licence extension comes despite concerns raised in recent years by Malaysia regarding radiation levels from the cracking and leaching operations during raw material processing. “Lynas has de-bottlenecked its cracking and leaching following the licence update”, while eyeing multiple opportunities to further improve production, analysts at Macquarie said.
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