https://www.freemalaysiatoday.com/c...tics-have-driven-away-investments-says-lynas/
KUALA LUMPUR: Lynas Malaysia says it is ready and willing to lend its expertise in the development of a holistic ecosystem for industries using Natural Occurring Radioactive Materials (NORM) as proposed by Putrajaya’s review committee on its operations.
However, it cautioned that the “antics” of critics could hamper the growth of downstream industries.
In an interview with FMT, Lynas chief executive Amanda Lacaze said the company welcomed the committee’s findings and recommendations.
She noted that the review committee in its report acknowledged that NORM-related high-tech industries would experience rapid growth in the future, and that the government should view the matter holistically to create a suitable ecosystem.
“We think it is really important to develop rare earths downstream industries here because now these industries are in China. Lynas can provide a strong foundation for this in Malaysia.
“If you want a third national car, an electric car industry, you need rare earths. You can’t have an automotive industry without rare earths because every single car on the road has rare earths in it.”
“When you talk about magnetic materials, magnet making is the next serious technical stage within the global supply chain.
“Lynas has on three different occasions courted magnet makers to invest in Malaysia, and each time, the antics of the anti-Lynas crowd has made them step back.”
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