Lynas Malaysia can be a catalyst for investment in the nation’s green energy and critical mineral sector as Malaysia is home to the only significant non-Chinese supplier of rare earth elements (REEs) said chief operating officer of Lynas Rare Earths, Pol Le Roux.

He said other Asean countries have been able to attract billions of foreign direct investments in downstream manufacturing of high-performance magnets and other related technologies which need rare earth elements and create thousands of new jobs.