Rare earths miner Lynas Corp has confirmed the receipt of a renewed operating licence from Malaysia for its processing plant there.

Malaysia last week renewed the licence for the plant for six months with new conditions, an extension shorter than investors and industry analysts had expected.

The ASX-listed firm is the only major proven producer of rare earths outside China, and the decision to renew its licence comes as markets are concerned that the industry may get embroiled in the trade war between Beijing and Washington.

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