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Malaysia’s Super Magnet Plant Will Boost Attraction to Rare Earth Sector: Anwar

The $143 million facility in Pahang aims to boost Malaysia's rare earth sector and critical minerals supply chain, supporting electric vehicle and semiconductor industries.

The Malaysian prime minister says Lynas-JS Link’s 3,000-tonne neodymium magnet manufacturing facility is all set to go ahead.

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Anwar announced the establishment of a rare earth plant to produce neodymium magnets, valued at 600 million ringgit (approximately 4.9 billion baht), insisting it is not just an MOU and aiming to make Malaysia a hub for rare earth and advanced materials.

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edgeprop.my broke the news in on Sunday, November 2, 2025.
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