IPOH, Oct 27 — The Perak government is looking to capitalise on the recent signing of a memorandum of understanding (MoU) between Malaysia and the United States (US) on developing and securing supply chains for critical minerals.
Perak Menteri Besar Datuk Seri Saarani Mohamad said the MoU is expected to attract more US-based companies to invest in the state, particularly in the non-radioactive rare earth elements (NR-REE) industry, in which Perak is a pioneer.
“This MoU is very encouraging, especially for states involved in renewable energy production.
“It will make business cooperation more accessible, enhance trade opportunities, and further promote international partnerships in the green energy sector,” he said.
Saarani said this during a press conference after launching the Zantat Poly+Cal Innovation Laboratory (Research and Development Laboratory) at the Batu Kapur industrial area in Kampung Kepayang here.
He added that Perak had already established collaboration with a major international partner in renewable energy — China — and now looks forward to exploring potential partnerships with companies from the United States.
“Of course, we welcome more investors to come in. We are always open to collaborations that can contribute to Perak’s sustainable energy goals,” he said.
In September 2022, the Perak government kickstarted the lanthanide rare earth element mining pilot project in Mukim Kenering, Gerik.
As of November 2024, the rare earth industry had contributed royalties amounting to RM30.88 million to the state.
Yesterday, a statement released by the White House said the MoU, signed by Prime Minister Datuk Seri Anwar Ibrahim and US President Donald Trump, aims to boost investment and ensure long-term resource stability.
The pact marks a new phase in the partnership between both nations to diversify critical mineral supply chains, promote sustainable mining and processing, and encourage investment between US and Malaysian companies.
The MoU also seeks to promote trade and investment in exploration, extraction, refining, manufacturing, and recycling activities.
Under the agreement, both governments will share knowledge, technical expertise, and international best practices to enhance Malaysia’s competitiveness in the minerals sector, while supporting joint projects that advance secure and responsible supply chains.
The MoU further opens the door for more US investments in Malaysia’s mineral assets and industries linked to green technology, rare earth elements, and advanced materials.
