Malaysia is open to foreign companies establishing joint ventures with local firms to develop rare earths in the country, state media reported on Oct 22, citing the trade minister. The South-east Asian country has some 16.1 million tonnes of rare earth deposits, according to government estimates, but lacks the technology to mine and process them. Malaysia is aiming to develop midstream processing capabilities in a sector dominated by China, which earlier in October tightened its restrictions on rare earth exports.
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