Lynas Counts Costs as Malaysian Rare-Earths Plant Held Up

Lynas Corp., an Australian mining company, said it’s “seriously” affected by delays in getting a refining license in Malaysia where it’s near finishing the first phase of the world’s biggest rare-earths plant.

“We are ready to fire in about a fortnight,” Mashal Ahmad, Lynas Malaysia Sdn.’s managing director, told reporters touring the refinery in the Southeast Asian nation’s eastern Pahang state yesterday. “We cannot delay our production because our customers are waiting for our product.”