Lynas says share price drop due to change in government

Company News

by Anna Napoli

Lynas (ASX:LYC) has attributed yesterday’s 9.5 per cent share price slide to changes in the Malaysian Government.

The rare earths miner says it’s looking forward to working with the new government.

The company also referred to a recent media article which raised concerns about the companies environmental monitoring in its Malaysian plant.

But, Lynas says there are no issues with the governance of its operations.

Shares in Lynas (ASX:LYC) are trading 1.83 per cent higher at $2.50.