Malaysia plans to ban exports of rare earth minerals

Anwar wants 'maximum returns' from critical resources for high-tech sector

20230911 Anwar speaks at parliament

Malaysian Prime Minister Anwar Ibrahim addressed parliament on Sept. 11 on optimization of rare earth resources. (Photo courtesy of Prime Minister's Office of Malaysia)

NORMAN GOH, Nikkei staff writer

KUALA LUMPUR -- Malaysia will develop export ban policies on rare earth elements to avoid "exploitation and loss of resources, guaranteeing maximum returns" to the country, Prime Minister Anwar Ibrahim said in parliament on Monday.

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