TAPAH, April 18 — China is ready to share its rare earth processing technology with Malaysia – a move which will generate greater value compared to exporting raw materials.
Foreign Minister Datuk Seri 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 (Wednesday) 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 Barisan Nasional (BN) deputy chairman told reporters at the Batu Tiga polling district centre here.
