China's Rare Earth Policy May Affect Lynas (ASX:LYC) Deal

  Sydney, Australia, Sep 3, 2009 - (ABN Newswire) - China's tightening rare earth export may affect the A & #36;500 million takeover of Australian company Lynas Corporation (ASX:LYC) by a state-owned company. China Nonferrous Metal Mining Group is seeking to purchase 51.6 per cent stake in Lynas, which is currently constructing the biggest new rare earths mine in the world.  

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