LYC 0.00% $6.78 lynas rare earths limited

https://www.smartkarma.com/home/daily-briefs/australia/brief-aust...

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    https://www.smartkarma.com/home/daily-briefs/australia/brief-australia-lynas-between-a-hard-place-and-just-rock-and-more/
    On further reading I would like to comment on this sentence in the article:
    "Arguably the radiation of this waste is low – and further backed up in this IAEA report (page 20) – but the reality is, if so low, why not process in Australia in the first place?"
    There were many reasons:
    In Malaysia water is plentiful although there were problems with supply last year.
    Labour is cheaper in Malaysia and Lynas was able to pay employees at the LAMP a very good salary.
    Electricity is cheaper in Malaysia.
    Lynas' customer base is closer to Malaysia.
    In my research of Lynas history I have never read anywhere that Australia has refused Lynas on the grounds of the radioactivity of materials.
    Thank you again Goldrain for your contribution.




 
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