Investors must be willing to share skills to harness minerals
IPOH: The true value of rare earth elements (REEs) can only be harnessed if Malaysia partners with technology leaders capable of driving processing and downstream development, says Datuk Seri Johari Abdul Ghani.
The Investment, Trade and Industry Minister said it was important to find investors who are willing to share their technologies in the relevant activities from upstream to downstream.
“There needs to be commitment from investors who want to work together on REE.
“Over the last three years, foreign firms exploring this mineral in Perak have recognised its immense value,” he told a press conference at the Invest in Perak Day 2026 event yesterday.
“That high value can only be obtained with the condition that we have technology partners and people with skills.
“If an investor wants to be involved in the upstream sector without sharing technology, we will think twice. We will not rush into agreements with the wrong partners to our disadvantage.”
Perak became the first state to mine lanthanide – a non-radioactive REE – using the in-situ leaching method in Kenering, Hulu Perak, in 2022.
He said REE is one of the most sought-after minerals in global technology development.
“It is a mineral that is important to the global economy.
“High-tech industries need REE for advancement or innovation of renewable energy, defence, super magnet, telecommunications, semiconductor and electric vehicles,” he said, adding that Perak, being the pioneering state in REE mining operations, holds a strategic opportunity for more growth.
Johari also said the country would ensure confidentiality protection for investors who share their technology.
“This will create confidence among high-technology companies to bring their expertise here.
“We can learn things that we need to change in terms of regulations, laws and availability of technology while protecting the trade secret of those who want to be involved,” he said.
