AUSTRALIA’S Lynas Corp has today extended shutdown of its rare earth processing plant in Malaysia for two weeks, following an extension of movement control order (MCO).
Last week, the Federal government had extended travel and other curbs aimed at fighting the spread of Covid-19 by two weeks to May 12, but added some sectors may be allowed to resume operations.
Lynas, the world's largest rare earth producer outside China, said it awaits a decision from the Federal administration on its application for "critical industry" status, adding that its products were essential to supply chains of key industries including medical devices.
