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US-Owned Startup Plans $600 Million Malaysia Rare-Earth Refinery
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US-Owned Startup Plans $600 Million Malaysia Rare-Earth Refinery A US majority-owned startup plans to invest $600 million in a rare-earth refinery in Malaysia, seeking to develop a new source of the critical minerals as Washington pushes to reduce its reliance on China. DTEC Mineral and Metal Technology expects to set up the plant in the Southeast Asian country within the next three years, Chief Executive Officer Milan Perlly said in an interview. It became the first company to receive...
US-Owned Startup Plans $600 Million Malaysia Rare-Earth Refinery
A US majority-owned startup plans to invest $600 million in a rare-earth refinery in Malaysia, seeking to develop a new source of the critical minerals as Washington pushes to reduce its reliance on China.
DTEC Mineral and Metal Technology expects to set up the plant in the Southeast Asian country within the next three years, Chief Executive Officer Milan Perlly said in an interview. It became the first company to receive permission recently under Malaysia’s eased export rules to ship unprocessed rare-earth material to the US.