A Malaysian court dismissed an appeal against a temporary operating licence for Lynas Corp (ASX:LYC), an Australian rare earth miner, despite residents' opposition over alleged radioactive hazards.
Tokyo’s new governor, Naoki Inose, announced the city would subsidize companies joining a project to mine rare earth elements from the seabed off Minami-Torishima Island, to the southeast of Tokyo.
Shares of rare earth miner Molycorp were falling Thursday morning as the company’s president and chief executive, Mark Smith, left without explanation and the company revealed it was under investigation from the United States SEC.
