Not just raw exports: Malaysia demands tech transfer from REE investors

IPOH, Aug 20 — Malaysian officials are urging potential investors in the country's rare earth elements (REE) industry to look beyond mere raw material exports. Investment, Trade and Industry Minister Johari Abdul Ghani stated that Malaysia is transitioning from a raw resource export model to a more comprehensive approach that includes upstream, midstream, and downstream sectors.

Speaking at the 'Invest in Perak Day' event, Johari emphasized that REEs play a crucial role in global technological advancements, making it essential for the nation to capitalize on these resources economically. He warned that companies seeking investment must bring innovative technology and actively participate in all stages of the value chain.

Johari highlighted that Malaysia prioritizes investors who are willing to share their technology and knowledge, rather than those focused solely on extraction. The government is also focused on establishing robust regulations to safeguard investors' intellectual property, ensuring that technology-sharing agreements are legally enforceable.

Johari noted that Perak's current initiatives could set an example for other states with similar REE deposits, such as Johor and Negeri Sembilan. He stressed that unlocking the full potential of Malaysia's REE resources depends on attracting long-term partners committed to investing beyond the upstream sector.