THE Science, Technology and Innovation Ministry backs the government’s decision to ban the export of rare earth raw materials, a move that would guarantee maximum returns for the country. 

Minister Chang Lih Kang said if the country were to export rare earth raw materials, it would not be able to develop related industries. 

The ban meant that the government would be able to promote development of downstream industries through technological expertise. 

“We need to develop downstream industries of rare earth to add value to the national economy. 

“This policy of banning the export of rare earth raw materials is also carried out in other countries such as Indonesia,” he told reporters after officiating the Gopeng 2.0 Science, Technology, Engineering and Mathematics Carnival today. 

On September 11, Prime Minister Anwar Ibrahim said the government would ban the export of rare earth raw materials to avoid exploitation and loss of resources, and guarantee maximum returns for the country. 

Anwar said a new National Minerals Policy would also be drafted to drive comprehensive development of the mineral industry based on the principles of sustainability and responsibility. – Bernama, September 23, 2023.