Govt relaxes raw rare earth export moratorium to attract investors
KUALA LUMPUR, Nov 6 — The government has agreed to provide flexibility regarding the existing moratorium on the ex...
On November 6, Malaysia's government decided to ease restrictions on the export of raw rare earth materials to entice investors. The Ministry of Investment, Trade, and Industry (MITI) explained that potential investors have been hesitant due to the absence of a consistent domestic supply of these raw materials. This new policy on export flexibility is limited solely to research and development (R&D) initiatives.
MITI added that any company seeking approval must show a clear intention to collaborate on establishing processing facilities in Malaysia within three years of the raw REE export permit. The government's approach centers on drawing both local and foreign investments to enhance the midstream and downstream sectors of the REE industry, especially in high-tech manufacturing fields like permanent magnets, advanced materials, electronic components, and batteries.
To achieve this goal, Malaysia needs to form strategic alliances and technological collaborations, both domestically and with partner countries possessing REE processing expertise. This move aims to fortify local capacities throughout the entire value chain, from mining operations to end-product manufacturing, and position Malaysia as a crucial player in the global supply chain for these essential minerals.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
