Malaysia will prohibit the export of unprocessed rare earth minerals as part of a strategy to retain greater value domestically by drawing investment into downstream industries.
Lots of talk, little action.
Company owner Fuat Tosyali became a favourite businessman of president Erdogan. Projects he’s involved in include making Turkey’s “native and national” Altay battle tank.
Indonesia ranks among the top global producers of nickel, a critical component in electric vehicle batteries, smartphones, and wind turbines - making the country central to the global shift toward clean energy
By betting big on chips, Malaysia is not just investing in factories and engineers, it’s investing in long-term technological sovereignty. As the global race for semiconductors accelerates, Malaysia is proving it intends to play for keeps.
China has stranglehold on rare earths needed for emerging technologies.