PETALING JAYA: Without the materials called “rare earths” and “critical minerals,” electric cars will not run, laptop computers will not boot up, sola...
Without the materials called “rare earths” and “critical minerals,” electric cars will not run, laptop computers will not boot up, solar panels and wind turbines will not generate power and mobile phones will not make a single call.
By 2040, he said, the market will swell to RM3.4 trillion, fuelled by the need for materials that power electric cars, wind turbines and solar panels. “The average income of Lynas employees is four-times larger than the local average in Pahang,” said Ansari.The country’s rich reserves of critical minerals, combined with its strategic location and industrial strength, position it perfectly to take advantage of this demand.
“Government initiatives like the New Industrial Master Plan 2030 are helping make this promise into reality. “With smart investments and a focus on sustainability, we believe Malaysia has the potential to help lead the global green energy revolution. That will create a brighter, wealthier future for all its citizens, he said, adding that Juwai IQI is a real estate and technology company, so they look at the critical minerals opportunity from the perspective of its impact on the real estate market.
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