No just raw exports: Malaysia demands tech transfer from REE investors
IPOH, Aug 20 — Investors eyeing Malaysia’s rare earth elements (REE) industry must be prepared to share thei...
Investors aiming to join Malaysia’s rare earth elements (REE) industry must be ready to share their technology and commit to the entire value chain, according to Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani. Malaysia is shifting away from exporting raw resources to building a full ecosystem that captures maximum value from its critical mineral deposits.
The minister emphasized that REEs are crucial for global technological advancement, making it essential for Malaysia to maximize economic opportunities from these resources. Companies seeking investment should bring in proprietary technology, share it with local stakeholders, and actively participate from the upstream sector to processing and adding value before exports.
Malaysia prioritizes investors who commit to technology transfer and will reconsider firms unwilling to share expertise. The government is also creating robust regulations to protect investors’ intellectual property in agreements. Perak’s early efforts in REE development may set an example for other states with similar resources, like Johor and Negeri Sembilan, if they attract long-term partners willing to invest beyond the upstream stage.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
