However, the development of this rare earth industry ecosystem requires a strong partnership among the ministries, government agencies, academic institutions, and industry players. At the local level, several entities have initiated substantial efforts to provide strategic direction and conduct local landscape assessment on the potential of the rare earth industry in Malaysia; they include the Natural Resources, Environment, and Climate Change Ministry (NRECC), Department of Mineral and Geoscience Malaysia (JMG), Academy of Sciences Malaysia, Malaysian Chamber of Mines, Malaysian Industry-Government Group for High Technology (MIGHT), and others. Furthermore, various national documents have been published, providing the potential outlook of the rare earth industry and serving as key reference materials, such as Dasar Mineral Negara, Kerangka Pelan Transformasi Industri Mineral 2021-2030, The Establishment of Rare Earth-Based Industries in Malaysia, and National Advanced Material Technology Roadmap.
But how do we put this knowledge into real action?
And how do we make it happen? CONCEIVABLE SCENARIO OF RARE EARTH INDUSTRY
“The rare earth elements perplex us in our research, baffle us in our speculations, and haunt us in our very dreams. They stretch like an unknown sea before us mocking, mystifying, and murmuring strange revelations and possibilities.” William Crookes, British chemist Rare earth materials such as Neodymium (Nd), Praseodymium (Pr) and Dysprosium (Dy) are commonly used to manufacture the electric vehicle magnet and wind turbine. Besides, other materials such as Praseodymium (Pr), Lanthanum (La), Cerium (Ce), Lithium (Li) and Cobalt (Co) are used to manufacture the battery while Indium (In), Gallium (Ga) and Tellurium (Te) are used to produce the solar panel. As mentioned above, these are some of the products which can exhibit less carbon emissions compared to the conventional ones. In addition to this, International Energy Agency (IEA), in one of its reports, had emphasised on the role of the critical minerals for the transition towards clean energy. It highlighted the material application of copper, nickel, manganese, cobalt, chromium, molybdenum, zinc, rare earths, silicon, and others as different types of power generation sources.
SOLAR PANEL
WIND TURBINES EV Magnets EV BATTERIES
Products:
Neodymium Praseodymium Dysprosium
Neodymium Praseodymium Dysprosium
Praseodymium Lanthanum
Indium Gallium Tellurium
Rare earth materials:
Cerium Lithium Cobalt
61
Malaysian Technology Strategic Outlook 2023/2024 Energy, Healthcare & Space Industry
Made with FlippingBook flipbook maker