Qingqiao Information

top

Malaysia Extends Lenas Rare Earth Factory License
Release time:2023-10-26 Source: Qingqiao Number of views:

马来西亚延长莱纳斯稀土厂执照.jpg

October 24th,Minister of Science, Technology and Innovation of the Malaysian Government, Zheng LikangCallHold a press conferenceexpressThe authorities extended LinusRare earth factoryBusiness license toIn March 2026, also approvedhisContinue to import rare earth concentrates for refining in Malaysia,Linus was originallyClosed from NovemberBusiness in Malaysia.

Linus is an Australian rare earth mining company with a global supply share of approximately12%. It has established a rare earth extraction plant worth over A $1 billion in Kuantan, on the east coast of Malaysia, which has also brought a series of challenging environmental and social issues.

Since the establishment of the Linus factory, there have been four administrations and three changes in political power. Every few months, there is a possibility of not being approved before applying for an updated production permit, but Linus always obtains a conditional operation permit at the last minute.

Because Linus came from the government's investment attraction and was given a one-time tax exemption of ten years, Linus invested heavily in setting up a rare earth refinery in Malaysia. If prohibited, the government must compensate for huge losses, and it will inevitably have an incalculable negative impact on future investment promotion.

Due to years of supervision by relevant government agencies on the safety and environmental aspects of Linus, even under strict scrutiny with a magnifying glass, no signs were found indicating the possibility of accidents, fully meeting government safety standards.
In addition, for Malaysia, Linus is an important rare earth supplier to the United States, Europe, and Japan. If Malaysia wants to close Linus, it will inevitably face strong opposition from Western countries led by the United States. The United States, Europe, and Japan are still Malaysia's largest sources of foreign investment and importers of technological strength to this day.

MalaysiagovernmentDecision to extendLinusThe policy of operating licenses,triggerSome Malaysian peopleDiscontent, Chairman of the Save Malaysia Committee, Chen WendeIt is believed that the wastewater and waste generated during the extraction and processing of rare earth minerals in Linus have caused environmental pollution,The people's resistance against the retention of rare earth waste in Malaysia will continue. These rebellious rulers,meetingLose the support and trust of the people. 

Laos:+856 2026 885 687     domestic:+0086-27-81305687-0     Consultation hotline:400-6689-651    

E-mail:qingqiaoint@163.com   /   qingqiaog5687@gmail.com

Copyright: Qingqiao International Security Group     备案号:鄂ICP备2021010908号

Service number

G5687
Telephone
400-6689-651

Code scanning plus WeChat

home

WeChat

Code scanning plus WeChat

Telephone

facebook

LinkedIn