Malaysia Plans to Introduce Ban on Exporting Rare Earth Minerals
Workers operate excavators at a quarry in Kuching, Malaysia.
Photographer: Sanjit Das/BloombergThis article is for subscribers only.
Malaysia plans to ban exports of rare earth raw materials, according to Prime Minister Anwar Ibrahim, becoming the latest country seeking to restrict shipments of materials that are in high demand for the green energy transition.
Anwar, speaking to parliament on Monday, said the government will develop an export ban policy “to prevent exploitation and loss of resources, thereby guaranteeing maximum returns for the country.”