SIBU: The federal government has ruled out establishing a separate national entity to manage and develop the rare earth elements (REE) industry, similar to what was done for oil and gas under Petronas.
Deputy Natural Resources and Environmental Sustainability Minister Datuk Seri Huang Tiong Sii said the decision was made following several discussions with state governments, which opposed the idea as they viewed it as an attempt to nationalise natural resources found within their territories.
