Report: Non-radioactive rare earth to create 6.5k jobs, add RM9.5b to GDP

According to the Mid-Term Review of the 12th Malaysia Plan (2021-2025) report released today, it is estimated that the non-radioactive rare earth industry will create 6,550 jobs and contribute RM9.5 billion to the country’s gross domestic product (GDP) by 2025.

It said the National Mineral Policy 2 would be reviewed to provide a more holistic direction to drive the mineral industry development, including non-radioactive rare earth element (NR-REE), bauxite, tin, silica, and kaolin, based on sustainable and responsible principles.

“The non-radioactive rare earth industry will...