Shares in Lynas Corp Ltd plunged up to 19 per cent on Thursday as it faced another delay in opening its rare earths plant in Malaysia, raising the prospect the company may need to shore up its funding with a share sale.
A Malaysian court extended a hold on the Australian company’s operating licence to November 8 on Wednesday while it decides whether to consider a review aimed at permanently blocking production at the US$800 million plant in Kuantan, on the country’s east coast.
via Business feed http://www.scmp.com/business/companies/article/1058624/australias-lynas-shares-dive-rare-earths-delay
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