Business

Malaysia to host premier rare-earth conference after Lynas’ lobby

Amanda Lacaze

Zaidi Azmi
Written by Zaidi Azmi

KUALA LUMPUR — October 25, 2019: Malaysia will, for the first time host the International Rare-Earth Conference, a premier event in the rare-earth industry.

Lynas Corporation has played a significant role in lobbying for the 16th instalment of the event to be held here.

Event organiser, Metal Events Limited, had announced the November 6 – 8 conference in its website yesterday, describing it as the only international conference where one will get to meet representatives from the entire supply chain of the industry.

The conference will feature experts in the rare-earth industry delivering their inputs on an array of related topics including how the US-China trade war affects the rare-earth industry and the investment opportunities for Malaysia in the industry supply chain.

Earlier, today Lynas chief executive officer Amanda Lacaze was reported as saying that the company –which is the largest rare-earth manufacturer outside of China– has been promoting Malaysia as an investment haven to its customers.

“Investors look at the stability of an environment,” she said. “If something disruptive happens to Lynas, then the downstream players will be less enthusiastic. They may make a different decision as to where they invest.”

Lynas, which had faced operational uncertainty in Malaysia due to waste dispute, was given the greenlight by the Malaysian government to continue its operation in August following a thorough scrutiny by a review committee in December last year

On Monday, Deputy Minister of Energy, Science, Technology, Environment and Climate Change, Isnaraissah Munirah Majilis had, in Parliament, reiterated to lawmakers who were critical of Lynas, that the company’s operations in Gebeng, Pahang is safe.

She also remarked that the company can continue to store its residue, which experts found to be safe, in Malaysia until it finishes relocating its cracking and leaching facility –that produce said residues– overseas.

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About the author

Zaidi Azmi

Zaidi Azmi

If Zaidi Azmi isn’t busy finding his way in the city, this 26-year-old northern kampung boy can be found struggling to make sense of the Malaysian political scene. Zaidi can be reached at zaidiazmi91@gmail.com.