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Malaysia’s Kelantan eyes rare earth riches. Can it dig its way out of debt?

Summary by South China Morning Post
A new deal with Australian mining giant Lynas could unlock billions for the impoverished state, but only with federal government backing.

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The state of Kelantan, Malaysia, has signed a contract with the Australian mining giant Lynas to first assess the volume of rare earths. But the promise of economic benefits cannot make forget the pollution to be generated by the Australian processing plant located in the neighbouring state of Pahang.

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South China Morning Post broke the news in Hong Kong on Tuesday, June 3, 2025.
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