Malaysia Invests $142 Million in New Magnet Plant to Enhance Rare Earth Industry

Reported about 13 hours ago

Malaysian Prime Minister Anwar Ibrahim announced the establishment of a $142 million super magnet manufacturing facility in Pahang, aimed at strengthening the nation's rare earth sector. This project, a collaboration between Australia's Lynas Rare Earths and South Korea's JS Link, aims to bolster advanced materials and clean technology around Malaysia's significant rare earth deposits while the government seeks foreign investments and technology to enhance processing capabilities.

Source: YAHOO

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