Lynas says China's export curbs pushing up costs of Malaysia expansion

Australian rare earth producer raises cost outlook for new facility by $80m

Lynas reported a higher average selling price of its rare earth products in the three months through June, a quarter that its interim CEO described as challenging. © Getty Images

CANBERRA -- Australian miner Lynas has raised the expected cost of its new heavy rare earth facility in Malaysia by nearly $80 million, due in part to China's curbs on selling equipment to foreign producers of the essential materials.

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