Malaysia looking to exploit RM732 billion worth of rare earth metals | The Malaysian Insight

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Malaysia looking to exploit RM732 billion worth of rare earth metals

Water, Land and Natural Resources Minister Xavier Jeyakumar has suggested that a mineral board be set up to explore the mining of rare earth materials in Malaysia. – The Malaysian Insight pic, July 18, 2019.

MALAYSIA is sitting on about RM732 billion worth of rare earth metals and the government is drawing up plans on whether to exploit these minerals, said a minister. Water, Land and Natural Resources Minister Xavier Jayakumar said a minerals development board is being formed to study how the country can develop its own rare earth industry despite safety and environmental worries.

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