KUALA LUMPUR (May 2): Rare earths producer Lynas Corp said on Friday it will reopen its processing plant in Malaysia at the start of next week as the Southeast Asian nation eases restrictions imposed since March to control the spread of Covid-19, Reuters reported yesterday.
The announcement by the largest producer of rare earths outside China follows the decision by Malaysia to allow the majority of businesses to resume activity on Monday.
According to Reuters, the plant has been closed since late March due to the restrictions on movement and non-essential business.
Lynas had applied for an exemption, or "critical industry" status, pointing to its products as essential to the supply chains of key industries in the country, including medical devices.
The Australia-based producer said it will provide more information about the restart of the plant on May 4.
Stay calm. Stay at home. Keep updated on the latest news at www.EdgeProp.my. #stayathome #flattenthecurve
Click here to see residential properties for sale in Kuantan, Pahang.
TOP PICKS BY EDGEPROP
Secoya Residences
Pantai Dalam/Kerinchi, Kuala Lumpur
SkyVille 8
Jalan Klang Lama (Old Klang Road), Kuala Lumpur
Kuala Langat
Telok Panglima Garang, Selangor
Bandar Baru Sri Petaling
Sri Petaling, Kuala Lumpur
Taman Sri Endah
Bandar Baru Sri Petaling, Kuala Lumpur
Royal Domain Sri Putramas II
Dutamas, Kuala Lumpur
The Pines Hillpark
Bandar Puncak Alam, Selangor
Perdana Exclusive Condo
Damansara Perdana, Selangor
Taman Setiawangsa
Taman Setiawangsa, Kuala Lumpur