SYDNEY -- Australia's Lynas will raise 750 million Australian dollars ($488 million) for a new growth strategy that includes expanding heavy rare earth production at its Malaysian facility rather than focusing on a plant in the U.S. that now has an uncertain future.
Commodities
Australia's Lynas raises $488m as it plans Malaysia expansion
Rare earths producer says Pentagon-backed Texas plant uncertain to go ahead
Lynas, the Australian rare earths producer, is planning to expand production at its plant in Pahang, Malaysia. © Reuters
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