Malaysian Environmentalists Challenging Lynas Corp; Rare Earths Prices Quiet This Week

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A Malaysian environmental group is unhappy with Lynas Corp and is “demanding that [the company] close its processing facility at Kuantan, and brought its message on Friday to the company’s headquarters in Sydney, Australia,” reports Rare Earth Investing News.

“The group known as Himpunan Hijau designed its protest to coincide with the company’s annual general meeting. Another environmental group, Save Malaysia Stop Lynas, held a similar protest at Lynas’ AGM last year.”

“The groups say that the plant poses a danger to human health and risks the environment, due to the radioactive waste generated by rare earth processing and the need to store the waste. The rare earth metals are shipped from Lynas’ Mount Weld mine in Australia for processing at the Malaysian facility, which started operating in 2012.”

This week, Rare Earths MMI® metals traded sideways, with cerium oxide flattening. Dysprosium oxide remained unchanged for the week. Europium oxide prices held steady from the previous week.

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The week finished with no movement for lanthanum oxide. Neodymium remained essentially flat from the previous week. Neodymium traded sideways last week. Following a steady week, prices for neodymium oxide closed flat.

The price of praseodymium oxide did not change since the previous week. Prices for rare earth carbonate remained constant, closing the week. Samarium oxide remained unchanged for the week. The price of terbium metal did not change since the previous week.

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Following a steady week, prices for terbium oxide closed flat. Yttria remained essentially flat from the previous week. Yttrium traded sideways last week.

The Rare Earths MMI® collects and weights 14 global rare earth metal price points to provide a unique view into rare earth metal price trends. For more information on the Rare Earths MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.