Lynas Corportation: Reopens Malaysian plant at 70pc production rate
- Rare earth mining company Lynas Corporation (LYC) has reopened its Malaysian Plant today after COVID-19 restrictions were lifted
- The company will restart the plant at approximately 70 per cent of its regular production rates
- Production at this rate will allow Lynas to refill supply chains and restock its depleted inventories
- Meanwhile, Lynas’ Mt Weld facility in Western Australia will continue to operate with reduced staff on site
- Lynas says it had already implemented strict health and hygiene protocols at both of its sites
- Lynas is down 1.46 per cent on the market this afternoon, trading for $1.69 per share
