There is good intent in the establishment of SG4 Group Sdn Bhd (SG4 Group) by the four opposition-led states of Kedah, Kelantan, Perlis and Terengganu, but it should study the world’s rare earth element (REE) market prices.

Deputy Prime Minister Ahmad Zahid Hamidi said this was because current world REE prices have declined by 70 percent.

“This is due to the dumping...