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$186m magnet plant to boost rare earth sector in Malaysia: Anwar
The Straits Times
|November 04, 2025
Malaysian Prime Minister Anwar Ibrahim said the development of a RM600 million (S$185.8 million) super magnet manufacturing facility in the state of Pahang will strengthen the nation’s rare earth sector, state media reported.
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In July, Australia’s Lynas Rare Earths and South Korea’s JS Link signed a deal to develop a 3,000-tonne neodymium magnet manufacturing facility near Lynas’ advanced materials plant in Malaysia’s Kuantan district.
Datuk Seri Anwar said Malaysia’s trade minister would monitor the project, as it involves rare earth processing, state news agency Bernama reported on Nov 1.
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