SYDNEY, May 6 (Reuters) - Shares in Australia's Lynas Corp Ltd, which has a rare earth plant in Malaysia, surged as much as 18 percent on Monday after the National Front coalition won re-election, fending off an opposition challenge that had unnerved investors.
Lynas' $800 million rare earth plant in Malaysia - the world's biggest outside China - finally began production in November after lengthy environmental and safety disputes with residents and the Save Malaysia Stop Lynas and Stop Lynas Coalition protest groups since construction began two years ago.
Lynas last traded at A$0.59 at 0123 GMT, surging 18 percent.
(Reporting By Maggie Lu Yueyang; Editing by Paul Tait) Keywords: AUSTRALIA LYNAS/
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