00:003, 2, 1
00:07Access Granted
00:09This seminar is of course an initiative of MAS
00:15and I think everyone knows this industry and ecosystem is very important
00:23especially at the current geopolitical situation
00:27that is why we are convening this program to let all the stakeholders
00:34to connect and talk about this ecosystem and technology behind this
00:40and of course we have the advantage of talent and also great deposit of iron absorption clay in Malaysia
00:48and as the government has already mentioned that we are having a moratorium of raw material export
00:56so we have already banned raw material export
00:58therefore we need to develop midstream and downstream besides raw material
01:09so I think this is a good start
01:13but especially we cannot have one country controlling all the resources in this world
01:23that will create vulnerabilities in the global supply chain
01:28so this is what we are starting to do in Malaysia
01:34what is that one country that is controlling the resources?
01:37well everybody knows that of course China control about 70% of the processing capacity
01:43as I mentioned in my speech
01:45so since we have the deposit and since we have partners in Malaysia
01:51that could help us develop of course including China and from other countries
01:57so we think it's a strategy for us to develop our processing capacity as well
02:07you spoke about technological sovereignty
02:10what is technological sovereignty when it comes to RE in Malaysia?
02:14well when we talk about technological sovereignty of course it's like we need to develop our own technology capacity
02:24so that we do not rely on certain countries
02:29I think that is a quite clear definition of technological sovereignty
02:35so in Malaysia when we say we explore collaboration with foreign partners
02:42we are also looking at developing our technology capacity
02:46that's why it's important for our collaboration to have tech transfer
02:53and also talent development
02:55what was in our operating licence was that we would undertake research
02:59to understand whether this was feasible
03:02and as the Minister has just said
03:06one of the important things and that's what today is all about
03:09is that this is work which has been undertaken
03:13Linus has done some work
03:16Linus has done some work with ANSTRO in Australia
03:19and Malaysian academia has done work as well
03:22so all of these have been parallel trained
03:26so that discovery and development can be shared across each of those areas
03:33the good news is they all found out much the same thing
03:36it would have been a bit of a problem if they hadn't wouldn't it?
03:39and so today's seminar is about sharing some of the outcomes of that research
03:48and what may or may not be possible next steps
03:52so generally speaking everything is in progress and is progressing well
03:58especially on the thorium extraction research
04:04yeah research
04:05so today is the seminar to talk about it
04:08and I mean as government we are happy with the progress
04:13Mr. under the MOU that was signed with the US last week
04:17there are no restrictions to be imposed on RE to the US
04:21does that affect Linus in any way
04:24because Linus is not an American company
04:27how does this affect the RE industry relation?
04:32well I don't see any problem in that
04:34because we are advocating openness and transparency
04:40so with that clause in the agreement
04:44well I don't see any restriction on Linus or any other companies
04:49because that clause is actually to promote openness
04:54we do not put restriction on any companies or country
04:58does this affect our sovereignty for them to say they want more
05:02and we cannot say no?
05:04well of course it depends on the capacity of our production
05:09I mean even they say they want more but if we can't produce more
05:13then we can't help so that is not the purpose of the clause
05:21the purpose of the clause is to promote openness
05:24so that no restriction on specific country or any other companies
05:28the PM said there's an exit clause
05:30what is the exit clause in this?
05:32I think you should ask Mithi on that
05:34maybe on the processing and separation facilities and technology management
05:38right now it's just like this
05:40we're doing a very good job here
05:42but are we looking at any other options or partners for the technology?
05:46we know that China still has technology there
05:49well of course we as I say we promote openness
05:53and we have no preference on any countries
05:57of course Linus is already here
05:59thank you very much for that
06:01but at the same time we also maintain open to all any country or company
06:11who are willing to share the technology
06:13right now there isn't any firm
06:15there are discussions
06:16there are discussions
06:17what about the Korean
06:19maybe I could just to give you some idea
06:22there are very few companies in the world
06:26that actually know how to process rare earths in a sustainable fashion
06:31and in fact there are very few who know how to process it in any fashion
06:37so there are many who would like to be involved
06:41and many of the inter-government agreements that have been signed recently
06:45have been about encouraging that
06:48Malaysia has a head start
06:50like a big head start
06:52like a long way a head start
06:55because Malaysians have developed skills and competencies and intellectual property
07:03over the past decade
07:05that are not held anywhere else
07:07and so the opportunity is to build on that
07:10and to keep being out the front
07:13and yes others might come in
07:16but they've got to change
07:17they've got to run
07:18to catch up
07:19one street said
07:21there was a Korean downstream
07:24can you elaborate on that
07:27that was announced by a PM the other day in Korea
07:30can you elaborate on that?
07:31can you elaborate on that?
07:32you want to?
07:33in a bit
07:35so our vision has always been aligned with the government's vision
07:40that Malaysia will not just be a centre of excellence for rare earth processes
07:45but actually be able to develop its own resource
07:50particularly as Minister mentioned
07:53the ionic clay deposits
07:55but potentially others as well
07:57and also have downstream processing into the magnets which are used
08:03in the new energies and renewable energy
08:08but also in electronics and in automotive
08:12these are all industries that are here in Malaysia
08:15and being able to be fully integrated will be really beneficial
08:21so over the years we've spoken to many potential magnet makers
08:26and said oh why don't you come and invest in a magnet plant in Malaysia
08:30and for a variety of reasons it just hasn't happened
08:33but what we have done is that we've engaged with a Korean company JS Link
08:39who are going to invest in a magnet factory in Gabeng
08:45in Kwantan just down the road from us
08:48and we will be co-investors in that facility
08:51so let's hear a bit of knowledge
08:52you
08:54know
08:56you
08:58we're doing
08:59you
09:00you
09:01you
09:02you
09:03you
09:05you
09:07you
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