China ready to share rare earth processing tech with M'sia
China is ready to share its rare earth processing technology with Malaysia - a move that could substantially boost the commodity’s value in the global market.
Foreign Minister Mohamad Hasan said that rare earth processing not only boosts national revenue but also benefits state governments, as mineral resources fall under their jurisdiction.
China is ready to share its rare earth processing technology with Malaysia - a move that could substantially boost the commodity’s value in the global market.
Foreign Minister Mohamad Hasan said that rare earth processing not only boosts national revenue but also benefits state governments, as mineral resources fall under their jurisdiction.
“President Xi Jinping himself stated during yesterday’s meeting between Malaysia and China that they are willing to share the technology.
“Rare earth is a gift from Allah SWT to Malaysia. If we sell it raw and unprocessed, the value is relatively low, but once processed, its value increases significantly – by as much as 10 to 15 times,” the BN deputy chairperson told reporters at the Batu Tiga polling district centre yesterday.
Xi’s three-day state visit to Malaysia, which began on Tuesday, was at the invitation of Yang di-Pertuan Agong Sultan Ibrahim Sultan Iskandar.
The visit is Xi’s second official visit to Malaysia in 12 years, after the first in 2013, which saw the two countries upgrade diplomatic relations to a comprehensive strategic partnership.
- Bernama
