Australia’s Lynas rises 18pc after Malaysia re-elected

Shares in Australia’s Lynas Corp, which has a rare earth plant in Malaysia, surged as much as 18 per cent on Monday after the National Front coalition won re-election, fending off an opposition challenge that had unnerved investors.

Lynas’ US$800 million rare earth plant in Malaysia - the world’s biggest outside China - finally began production in November after lengthy environmental and safety disputes with residents and the Save Malaysia Stop Lynas and Stop Lynas Coalition protest groups since construction began two years ago.

via Business feed http://www.scmp.com/business/money/market-snapshot/article/1231248/australias-lynas-rises-18pc-after-malaysia-re-elected