TAPAH, April 17 — China is ready to share its rare earth processing technology with Malaysia: a move that will generate greater value than the export of raw materials.
Foreign Minister Datuk Seri Mohamad Hasan said 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 (China is) willing to share the technology.
“Rare earth is a gift from God 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,” Mohamad told reporters in Batu Tiga today.
Xi’s state visit to Malaysia, which ended today, was at the invitation of His Majesty Sultan Ibrahim, King of Malaysia.
The visit is Xi’s second official visit to Malaysia, the first being in 2013, which saw the two countries upgrade diplomatic relations to a Comprehensive Strategic Partnership.
— Bernama
