Venezuela is a good template, squandered oil wealth, distinct Norway's Sovereign Wealth Fund.
Rather ironically one of my initial attractions Lynas was the value add concept, vs Australia's dig 'n ship mentality IO & coal.
Malaysia has another template, China's leverage of RE to draw capital & IP, as in "ME has oil, China has RE".
Can't think of another country that's had two bites at the cherry as Malaysia, will they squandered the second as the first?
They don't control the primary resource this time, just a temporary hold over part of the value add.
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