ASX:LYC 21 January 2026 - 6 March 2026

Malaysia’s trade ministry said the new 10-year licence granted to Lynas Rare Earths won’t alter any of the technical conditions already imposed on its local operations, despite commitments under a reciprocal trade statement and a critical minerals memorandum signed with the United States.

Malaysia’s Investment, Trade and Industry Ministry insisted that its Agreement on Reciprocal Trade and the critical minerals memorandum with the United States won’t interfere with the government’s technical enforcement on Lynas Rare Earths Limited’s local operations. “This agreement includes fair and equitable treatment for investors,” the ministry told the Dewan Negara, but stressed that projects are still subject to environmental, social and governance requirements. The ministry also noted that talks between state investor Khazanah Nasional and Chinese firms on rare earths are still preliminary—no deal has been finalized.