Anwar backs RM600 million super magnet plant to power Malaysia’s rare earth ambitions

JARA CARBALLO
Mon, 03 Nov 2025 09:28:16 +0000
Malaysia, Anwar Ibrahim, rare-earth materials

KUALA LUMPUR: Malaysia is taking a significant step to boost its rare earth industry with the announcement of a 600 million ringgit (S$186 million) super magnet manufacturing facility in Pahang, Prime Minister Anwar Ibrahim said, according to state media. The project follows a deal signed in July between Australia’s Lynas Rare Earths and South Korea’s …