来源:mining.com
Malaysia will maintain a ban on the export of raw rare earths to protect its domestic resources, despite signing a critical minerals deal with the United States this week, the trade minister said on Wednesday.
Speaking in parliament, Minister Tengku Zafrul Aziz dismissed allegations that Malaysia will allow the export of critical minerals and rare earths to the United States in pursuit of immediate profits or strategic goals.
“We no longer want to be a country that only digs and ships out cheap raw materials like in the past,” Tengku Zafrul said, reiterating that Malaysia will instead encourage foreign investment and technology sharing for the mining and processing of raw rare earths.
“Our policy is not to prevent trade forever,” he said. “Our policy is to prevent the export of cheap unprocessed raw materials so that value is added to Malaysia.”
Malaysia has some 16.1 million metric tons of rare earth deposits, according to government estimates, but lacks the technology to mine and process them. Rare earth materials are essential for high-tech manufacturing, including electric vehicles, semiconductors and missiles.