Malaysia Boosts Rare Earth Power as U.S. Seeks Alternatives to China
Malaysia's Strategic Move in the Rare Earth Market Malaysia has taken a significant step in its efforts to secure a stronger position in the global rare earth market. By imposing a ban on the export of unprocessed rare earth metals, the country aims to bolster its domestic industry and reduce reliance on foreign suppliers. This decision comes as part of a broader strategy to develop downstream processing capabilities and attract foreign investment. The Malaysian government has emphasized that this move is intended to keep raw materials within the country for further processing. The minister of investment, trade, and industry, Tengku Zafrul Abdul Aziz, highlighted that foreign investors could participate in the downstream rare earth sector if their projects include local mineral processing, job creation, and technology transfers. This approach not only supports local economic growth but also positions Malaysia as a key player in the global supply chain. Existing Capabilities and ...