Rare earths miner Lynas Corporation’s shares have been placed in a trading halt, pending an announcement by the company on a financial transaction.

The trading halt will remain until Friday or until an announcement is made.

Lynas shares last traded at A16.5 cents.The company has operations near Kuantan, Pahang,

Rare earth minerals are used in a range of hi-tech products, including telescopes, X-ray and MRI scanning devices.

Lynas made a net loss of A$59.3 million in the last six months of 2013, down from a A$56.6 million dip during the same period a year earlier.

- Bernama