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.
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8 Articles
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.
Malaysia PM says $142 million magnet plant to boost rare earth sector, state media reports
Malaysian Prime Minister Anwar Ibrahim said the development of a 600 million ringgit ($142 million) super magnet manufacturing facility in the state of Pahang will strengthen the nation’s rare earth sector, state media reported.Read MoreThe post Malaysia PM says $142 million magnet plant to boost rare earth sector, state media reports first appeared on The Who Dat Daily.
Malaysia to build $142 million super magnet plant in Pahang
Malaysian Prime Minister Anwar Ibrahim said the development of a 600 million ringgit ($142 million) super magnet manufacturing facility in the state of Pahang will significantly strengthen the nation’s rare earth sector, state media reported. In July, Australia’s Lynas Rare Earths and South Korea’s JS Link signed an agreement to establish a 3,000-tonne neodymium magnet manufacturing facility near Lynas’ advanced materials plant in Kuantan, Malay…
Anwar backs RM600 million super magnet plant to power Malaysia’s rare earth ambitions
KUALA LUMPUR: Malaysia is taking a significant step to boost its rare earth industry with the announcement of a 600 million ringgit (S$186 million) super magnet manufacturing facility in Pahang, Prime Minister Anwar Ibrahim said, according to state media. The project follows a deal signed in July between Australia’s Lynas Rare Earths and South Korea’s […]
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