According to Reuters, Malaysian Prime Minister Anwar·IbrahimstaySeptember 2023On the 11th, Malaysia announced that it will establish a policy prohibiting the export of rare earth raw materials to avoid resource extraction and loss. Malaysia will also strengthen its rare earth raw material processing industry to maintain the country's rare earth value chain.

Anwar ·Ibrahim stated that the ban will ensure that MalaysiaofNational interestsMaximizeIt is expected that the rare earth industry willIn 2025, it contributed $2 billion to Malaysia's GDP and created nearly 7000 job opportunities. Rare earths are lanthanide elements in the periodic table, as well as scandium, yttrium, and other elementsA general term for 17 rare metal elements, widely used in lasers、Military equipment、In consumer electronics products such as electric vehicles, wind turbines, and smartphones, they have strategic value.

According to the latest data from the United States Geological Survey,In 2022, the 10 countries with the largest mining output are China 210000 tons, the United States 43000 tons, Australia 18000 tons, followed by Myanmar, Thailand, Vietnam, India, Russia, Madagascar and Brazil.

Calculated by reserves, the total global rare earth reserves are approximately130 million tons, mostly located within China, with an estimated 44 million tons, followed by Vietnam with 22 million tons, Brazil and Russia with over 20 million tons, followed by India, Australia, the United States, and Greenland.

Malaysia's rare earth reserves only account for the world's rare earth reservesA very rare onePartial, estimated to be30000 tons, therefore the ban on rare earth raw material exports has a relatively small global impact.

The Jakarta Post reported that in addition to Malaysia, some other Asian countries have also adopted or announced similar resource export restrictions, such as Indonesia'sStarting from 2020, the export of nickel ore will be prohibited, with the aim of maximizing income by developing the downstream industry of nickel ore.

Another major nickel producing country, the Philippines, is alsoStarting from January 2023, the feasibility of taxing nickel ore exports will be studied to encourage investment in downstream industries.In July 2023,China begins to restrict the gallium and germanium needed by the semiconductor industryetc.correlationresourceExports have raised concerns in the market that China may restrict the export of other materials.2023In August, the Indian government alsostartConsider prohibiting the export of four rare metals, lithium, beryllium, niobium, and tantalum, with the aim of ensuring self-sufficiency in important mineral resources in the country.

Now Malaysia has also announced a ban on the export of rare earth raw materials, highlighting the increasing importance that countries around the world attach to strategic mineral resources.